<h1>Indian Hume Pipe Company Ltd secures Rs 738.61 Crores order for Narmada based Water Supply Project</h1>
Indian Hume Pipe Company Ltd has secured a significant work order valued at Rs.738.61 Crores, including GST. The contract is with the Public Health Engineering Department (PHED), Government of Rajasthan, for executing the design and build of the Narmada based Water Supply Project in Barmer district.
The project forms part of the JICA funded Rajasthan Rural Water Supply & Fluorosis Mitigation Project Phase II. The contract outlines various technical and operational parameters for the execution.
Key details of the contract awarded to Indian Hume Pipe Company Ltd are as follows:
| Parameter | Detail |
|---|---|
| Awarding Entity | Public Health Engineering Department (PHED), Government of Rajasthan |
| Contract Nature | Item Rate Contract - Design and Build, operation and maintenance |
| Order Value | Rs.738.61 Crores (including GST) |
| Project Duration | 24 months |
| Post-Completion Period | One year Defect Notification period and 10 years O&M |
The project involves the supply of water to 275 villages across the Dhorimanna and Chouhtan block in Barmer district. The contract specifies that the work must be completed on a SPR basis (Sustainable Project Resource).
As per the details provided, the awarding entity is domestic, and the contract nature falls under domestic sourcing. Furthermore, neither the company nor its group companies have any interest in the entity that awarded the order, and the transaction is not considered a related party transaction.
INDIANHUME Stock Price Movement
Shares of Indian Hume Pipe Company Limited are surging as of 12:59 PM, gaining 4.28% in live trading to reach ₹349.50. The stock maintains strong activity, with 359,953 shares traded through the market session so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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