Indian Hume Pipe secures work order worth Rs 109.64 crore

Indian Hume Pipe secures work order worth Rs 109.64 crore

Indian Hume Pipe, a manufacturer of cement and cement products, has secured a work order worth Rs 109.64 crore from the Public Health Engineering Department, NCR Region, Alwar, Government of Rajasthan. The work order is for execution of work of re-organisation of Urban Water Supply Scheme at Alwar and Bhiwadi towns.

The company is expected to complete the project within 24 months of signing the agreement.

In November 2016, Indian Hume Pipe had secured a work order worth Rs 219.46 crore from Chhattisgarh under the AMRUT mission scheme, out of which Rs 115.51 crore is for Korba Water Supply Scheme; Rs 103.95 crore is for Bhilai Water Supply Scheme. The company has posted de-growth of 7 per cent and nearly 30 per cent in FY16 revenue and profit respectively.

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