Indian Hume Pipe opened over 1% higher at Rs.210 and went on to hit an intraday high at Rs.218, rising 5%. Its 52-week high is at Rs.272.
The company announced today morning that it has received Letter of Acceptance for the work of Rs.199 crore (excluding GST) from Minor Irrigation and Ground Water Development Division, Kalaburgi, Karnataka Government.
This order is for the work of Filling of tanks in Kalaburgi (south) Taluka of Kalaburgi district by lifting Water from Bennethora Reservoir for ground water development & drinking water purpose.
This order is on turnkey basis including operation and maintenance for 5 years.
The project is to be completed within 24 months.