Indian Hume Pipe Company Share Price Live

Indian Hume Pipe secures new order; details inside Over the past year the company’s shares have boast a multibagger return of 121% while BSE Industrials have change by 69.12% during the same period. About the Order Indian Hume Pipe Company (IHP) engaged in the business of concrete pipes has announced the acquisition of a new order from The Bangalore Water Supply and Sewerage Board, situated in Bangalore, Karnataka. The contract, valued at Rs 241.99 crores (excluding GST), underscores a significant investment in infrastructure development within the region. These contracts encompass a range of projects aimed at improving water supply and sewage management across various areas falling under the Bruhat Bengaluru Mahanagara Palike (BBMP) jurisdiction. The projects include the provision of water supply facilities for new areas, installation of sewerage lines, and pipeline installations. The timeline for executing these projects is set at 24 months for each of the six contracts. Furthermore, the company recently secured another order from the Public Health and Municipal Engineering Department, Government of Telangana, for water supply and sewerage projects under AMRUT 2.0. The total value of the order amounts to Rs 1137.77 crores (excluding GST), with IHP responsible for executing 20% of the work, equating to Rs 227.55 crores (excluding GST). Stock Performance In the latest trading session, the stock closed at Rs 273.70. Opening today at Rs 274.35, it closed at Rs 276.85, marking a 1.15% increase. Presently, the company boasts a market capitalization of approximately Rs 1,450 crore. Over the past year, the company’s shares have delivered a multibagger return of 121.26%, outperforming BSE Industrials, which saw a change of 69.12% during the same period. About the Company Incorporated in 1926, The Indian Hume Pipe Company Ltd. is engaged in the manufacturing, laying, and joining of pipelines. The company has also been actively involved in infrastructure development programs by executing turnkey water supply projects. Additionally, it manufactures and supplies concrete railway sleepers to Indian Railways. Disclaimer: This post is intended solely for educational purposes. The securities mentioned are for illustrative purposes only and not recommendations. The content is sourced from various secondary sources on the internet and is subject to change. Please consult with a financial expert before making any related decisions.

IHP wins big contract for water supply and sewerage projects in Telangana The Indian Hume Pipe Co. Ltd.'s (IHP) win of a major contract for water supply and sanitation projects in Telangana, highlighting its contribution to India’s infrastructure development and improved access to clean water for citizens. The Indian Hume Pipe Co. Ltd. (IHP) has been awarded a significant contract by the Public Health and Municipal Engineering Department of the Government of Telangana. The contract is valued at Rs. 1,137.77 crore (excluding GST), with IHP responsible for 20% of the project, or approximately Rs. 227.55 crore (excluding GST). This project is part of the AMRUT 2.0 initiative, which aims to provide urban areas with improved water supply and sanitation infrastructure. IHP’s involvement in this project highlights its commitment to contributing to India’s infrastructure development and improving the lives of citizens. Project Details Project Name: Water Supply Projects & Sewerage Projects under AMRUT 2.0 Client: Public Health and Municipal Engineering Department, Government of Telangana Contract Value: Rs. 1,137.77 crore (excluding GST) IHP’s Share: Rs. 227.55 crore (excluding GST) Project Timeline: 24 Months Insights and Analysis This contract win is a positive development for IHP, showcasing the company’s expertise in water supply and sanitation projects. The project’s focus on improving essential infrastructure aligns with IHP’s commitment to sustainable development and corporate social responsibility. Here are some additional insights: AMRUT 2.0: Launched on 1st October 2021, the Atal Mission for Rejuvenation and Urban Transformation 2.0 (AMRUT 2.0) is a 5-year scheme spanning from 2021-22 to 2025-26. It aims to ensure universal coverage of functional tap water supply to all households in statutory towns nationwide, along with sewerage/septage management in 500 cities covered under the first phase of the AMRUT scheme. IHP’s Capabilities: IHP’s experience in manufacturing concrete and steel pipes, coupled with its expertise in executing turnkey water supply and sewerage projects, positions the company well for this project. Project Impact: The successful completion of this project is expected to benefit a significant number of people in Telangana by providing them with improved access to clean water and sanitation facilities. IHP’s Role in Infrastructure Development IHP has a long history of involvement in India’s infrastructure development sector. The company’s products are used in various applications, including water supply, irrigation, drainage, power generation, and rail transport. This contract win further strengthens IHP’s position as a leading player in the water and sanitation infrastructure sector. Conclusion IHP’s win of this contract is a testament to the company’s commitment to providing high-quality products and services. The project is expected to have a positive impact on the lives of people in Telangana by improving their access to essential water and sanitation facilities. Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.