Indian Hume Pipe gains on orders worth Rs 147 crore

Shares of Indian Hume Pipe were up nearly 3% at Rs 340 after the company said that it has received orders worth Rs 147.36 crore for projects in Andhra Pradesh.

The company in a release said it has received Letter of Acceptance for executing Comprehensive Water Supply Service Improvements in Anantapuramu Municipal Corporation (Package - I) under Andhra Pradesh Municipal Development Project (ADMDP) for the contract price of Rs 147.36 crore from Anantapuramu Municipal Corporation, Andhra Pradesh.

The stock opened at Rs 340 and touched a high of Rs 345. At 12:50pm, over 10,000 shares were traded on both the stock exchanges.

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