Indian Hume Pipe Company Ltd Share Price

Indian Hume Pipe Company Limited in focus after ₹458.69 crore order win Shares of Indian Hume Pipe Company Limited are likely to remain in focus after the company secured a ₹458.69 crore (excluding GST) contract from the Public Health & Municipal Engineering Department, Hyderabad. The project involves a water supply improvement scheme in Greater Warangal under UIDF funding. Recently, the company also received a ₹417.97 crore Letter of Intent from Maharashtra Krishna Valley Development Corporation for an irrigation project, strengthening its order pipeline. The stock closed at ₹321.55 in the previous session, up 0.99%. It remains 34% below its 52-week high of ₹490 but about 15% above its low of ₹280. The company’s market cap stands at ₹1,693.98 crore.

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.

Capacity Expansion Plan 19 th Sep 2024

Indian Hume pipe Capex

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