Indian Hume Pipe Company Limited has informed the Exchange about Bagging/Receiving of orders/contracts
INDIANHUME · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Indian Hume Pipe Company has received a Letter of Acceptance for a water supply improvement project worth Rs. 458.69 crores from the Public Health & Municipal Engineering Department, Government of Telangana. The order is for executing work on Water Supply Improvement Scheme in Greater Warangal Municipal Corporation, funded under UIDF (Urban Infrastructure Development Fund). This is a domestic order with a completion timeline of 24 months. The order has been awarded as a Percentage Contract and is not related to any party transactions.
This is a substantial order for Indian Hume Pipe, representing a significant boost to their order book from a government client. The 24-month project duration suggests steady revenue recognition over two years, which could provide earnings visibility. A Rs. 458.69 crore contract from a state government department is positive for the company's execution pipeline.