INDIANHUME

The Indian Hume Pipe Company Limited has secured a significant new work order valued at Rs. 417.97 crore (excluding GST) from the Jihe Kathapur Lift Irrigation Division, part of the Maharashtra Krishna Valley Development Corporation. The project involves the construction of head works and a closed pipe distribution system for the Ner Direct Gravity main, situated under the Guruvarya Late Laxmanraoji Inamdar Lift Irrigation scheme in Satara, Maharashtra. This domestic, percentage-rate contract is slated for completion within a 48-month timeframe. From an investment perspective, this is a highly positive development for the company. Securing a large-scale government infrastructure contract of this magnitude provides long-term revenue visibility and reinforces the company's strong positioning within the irrigation sector. With no related-party interests involved, the project appears to be a clean, straightforward addition to their order book, likely bolstering investor confidence in the company’s ongoing growth trajectory and operational capacity.