Shares of Indian Hume Pipe Company surged 17.35 percent intraday Monday after the company has bagged an orders worth Rs 1230.77 crore. The orders are for Telangana Water Grid project in respect of Telangana Drinking Water Supply Projects (TDWSP) of Mahabubnagar and Nizamabad districts from rural water supply and sanitation department, Government of Telangana.



The first order is of Rs 415.47 crore for providing drinking water to habitations in Gadwal and Alampur constituencies from Jurala Project, Mahabubnagar District, under Segment-ll including operation and maintenance for 10 years. The project is to be completed within 18 months from the date of commencement. The second order is of Rs 815.30 crore for providing drinking water to Balkonda, Armoor, Nizamabad, Kamareddy and part of Yellareddy constituencies from SRSP reservoir, Nizamabad district including operation and maintenance for 10 years.



The project is to be completed within 24 months from the date of commencement. The company is engaged in the business of providing integrated water supply schemes including manufacturing, laying and jointing of pipelines of various pipe materials which provide infrastructure facility for development of water supply and irrigation projects. At 09:23 hrs Indian Hume Pipe Company was quoting at Rs 390.50, up Rs 47.60, or 13.88 percent on the BSE.

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