Stocks

Indian Hume Pipe bags Rs 256 cr order

| Updated on August 20, 2018 Published on August 20, 2018

Indian Hume Pipe Company has received a work order of ₹256.19 crore from the Tamil Nadu Water Supply & Drainage Board, Coimbatore. The order is for providing combined water supply scheme to Alampalayam Town Panchayat, Padaveedu Town Panchayat including 669 rural habitations in Pallipalayam and Tiruchengode Unions in Namakkal District, and Sankari Town Panchayat in Salem District with river Cauvery as source. The project has to be completed in 24 months, including trial run and maintenance period of five years. Shares of Indian Hume Pipe jumped 4 per cent at ₹286.20 on the NSE.

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Published on August 20, 2018
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