Indian Hume Pipe Company will hold a meeting of the Board of Directors of the Company on 6 February 2019.

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The announcement was made after market hours yesterday, 20 December 2018.

Meanwhile, the S&P BSE Sensex was down 382.26 points, or 1.05% to 36,049.41.

On the BSE, 28,000 shares were traded in the counter so far compared with average daily volumes of 6971 shares in the past two weeks. The stock had hit a high of Rs 368.35 and a low of Rs 345.80 so far during the day. The stock hit a 52-week high of Rs 465 on 27 December 2017. The stock hit a 52-week low of Rs 220.25 on 3 October 2018.

Indian Hume Pipe Company said it has received letter of acceptance for the work of Rs 502.89 crore (excluding GST) from Andhra Pradesh Drinking Water Supply Corporation (APDWSC), Vijayawada, Andhra Pradesh for the work of construction of drinking water supply projects in Guntur District. The project is to be completed within 24 months.

Net profit of Indian Hume Pipe Company rose 258.05% to Rs 29.79 crore on 94.32% rise in net sales to Rs 416.18 crore in Q2 September 2018 over Q2 September 2017.

Indian Hume Pipe Company is engaged in the construction and maintenance of projects relating to water supply and sewerage systems, and pipe manufacturing.

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Indian Hume Pipe Company has received Letter of Acceptance for the work of Rs.502.89 crore (excluding GST) from Andhra Pradesh Drinking Water Supply Corporation (APDWSC), Vijayawada, Andhra Pradesh for the work of construction of Drinking Water Supply Projects in Guntur District.

The project is to be completed within 24 months.

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Indian Hume Pipe Company has received 2 (two) Letters of Acceptance aggregating to Rs.234.11 crore (excluding GST) from Madhya Pradesh Jal Nigam Maryadit, Bhopal for the work of:

1) Kandaila Multi Village Rural Water Supply Scheme District Rewa for ultimate Capacity of Bringing 20.6 MLD treated water (23 hours of pumping) from the river Beehar to 109 villages of Rewa, Gangeo, Raipur, Karchuliyan and Sirmour Blocks of Rewa District in Single Package on Turn-key job basis at an amount of Rs.123.72 crore (excluding GST), including trail run and running & maintenance of the entire scheme for 10 years (Cost of running & maintenance shall be paid separately).

2) Gadakota Multi Village Rural Water Supply Scheme District Sagar for ultimate capacity of bringing 15.21 MLD treated water (23 hours of pumping) from Duttapura / Aapchand dam on Sonar river to 108 villages of Rehli Block of Sagar District in Single Package on Turn-key job basis at an amount of Rs.110.39 crore (excluding GST), including trail run and running & maintenance of the entire scheme for 10 years (Cost of running & maintenance shall be paid separately).

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