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Indian Hume Pipe Company has received Letter of Acceptance for ₹221.72 crore from Madhya Pradesh Jal Nigam Maryadit (A Government of Madhya Pradesh Undertaking) for EPC work of various components of Indwar-1 Multi Village Rural Water Supply Scheme at Umaria and Katni on turnkey basis, including trial run & maintenance of the entire scheme for 10 years.
The project is to be completed within 24 months and an agreement will be signed in due course in this regard, the company said in a notice to the exchanges. Shares of Indian Hume Pipe gained 2.3 per cent at ₹276.70 on the NSE.
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