Indian Hume Pipe Company has received two Letters of Acceptance aggregating to Rs.254.98 crore (including GST) from Municipal Corporation Raipur, Chhattisgarh as under: (1) Letter of Acceptance of Rs.120.79 core (including GST) under Augmentation of Water Supply Scheme Phase-II, Package-IV of Municipal Corporation Raipur. The project is to be completed within 18 months.(2)Letter of Acceptance of Rs.134.19 crore (including GST) under Augmentation of Water Supply Scheme Phase-II, Package-V of Municipal Corporation Raipur. The project is to be completed within 18 months. The Agreements will be signed in due course.

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Indian Hume Pipe Company has received three Letters of Intent for the works aggregating to Rs.187.06 crore (excluding GST) from Vidarbha Irrigation Development Corporation, Nagpur as under:

(1)Construction of M.S. Feeder Pipeline from Kochi Barrage to Pench and allied Works of Kanhan River Projects (Kochi Barrage), Nagpur. The project is to be completed within 16 months with a maintenance period of 5 years.

(2)Construction of Pipe Distribution Network on Kapsi Sub Branch of Asolamendha Project. The project is to be completed within 18 months and with a maintenance period of 5 years.

(3)Pauni Lift Irrigation Scheme. The project is to be completed within 24 months with a maintenance period of 5 years.The Agreements will be signed in due course.

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Net profit of Indian Hume Pipe Company declined 27.66% to Rs 10.62 crore in the quarter ended December 2018 as against Rs 14.68 crore during the previous quarter ended December 2017. Sales rose 1.80% to Rs 362.49 crore in the quarter ended December 2018 as against Rs 356.09 crore during the previous quarter ended December 2017.

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

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