Shares of Indian Hume Pipe will remain in focus following the company bagging a ₹115.51-crore order from Korba Municipal Corporation. The company has to execute the order in 24 months. The order is for Korba Water Supply Scheme.
Last week, the board of Indian Hume Pipe had announced bonus shares in the ratio of 1:1 and fixed the record date as December 13, to identify eligible shareholders to receive them. The bonus proposal will have to be approved by its shareholders.