Indian Hume Pipe Company Ltd has received two work orders from public health engineering department (PHED), Jaipur, Rajasthan. The contract is for Bilaspur Prithviraj Nagar Water Supply Project Phase-I Stage-I of ₹295.51 crore (including GST) in joint venture, where the share of the company is 85 per cent i.e. ₹251.18 crore; and Bilaspur Jaipur Water Supply Project Stage-II (Phase-I) of ₹173.16 crore (including GST) in JV where its 60 per cent is worth ₹103.90 crore. The project has to be completed in 30 months. The agreement will be signed in due course, the company said. Shares of Indian Hume Pipe jumped 9.3 per cent at ₹149.70 on the BSE.
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