Indian Hume Pipe Company Limited has informed the Exchange about Awarding of order(s)/contract(s)
INDIANHUME · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Indian Hume Pipe Company Limited has received a Letter of Intent worth Rs. 417.97 Crores (excluding GST) from Jihe Kathapur Lift Irrigation Division, Maharashtra Krishna Valley Development Corporation (MKVDC). The order is for construction of head works and closed pipe distribution system under the Guruvarya late Laxmanraoji Inamdar Lift Irrigation scheme in Satara, Maharashtra. The project duration is 48 months (4 years) and is a domestic B1 percentage rate contract. The company clarified that neither promoters nor related parties have any interest in the awarding entity.
This is a significant order representing approximately Rs. 418 Crores in revenue, which could be material given the company's typical annual turnover. The 4-year execution timeline provides extended revenue visibility. The order from a government corporation indicates steady government business.