Indian Hume Pipe on a high

Indian Hume Pipe has hit a new 52-week high today at Rs.570. Its previous new high was a Rs.567, hit ten days ago on 21st July.

The market is thrilled with the news that it has got an order worth Rs.163.50 crore from Raipur Municipal Corporation, Chhattisgarh.

This is for work on augmentation of water supply to Raipur under the Amrut Mission.

The order is on turnkey basis and includes operation & maintenance for five years.

The work is to be completed within 30 months