Indian Hume Pipe

It underperformed peers on the volume front in Q2, though margin impact was lower given value-added mix

Indian Hume Pipe Co Ltd on Saturday said it has bagged a Rs 110-crore pipe order in Rajasthan. In a statement, the company said it has secured the work order from the Public Health Engineering Department (PHED), Ajmer. "It is for Cluster Water Supply Project Package-VII of Chambal Bhilwara Water Supply Project Phase II of Jahajpur-Kotri Tehsils of District Bhilwara under Jal Jeevan Mission with operation and maintenance for 10 years," the company said. The project is to be completed within 15 months from signing of the agreement, it said.

Since October 18, the rallied 36% after the company announced the bonus issue plan

The stock surged 16% to Rs 778, also its 52-week high on BSE, after the company said the board will meet on Oct 26, to consider bonus issue to existing shareholders.

The company has received LoA for orders worth Rs 147 crore from Anantapuramu Municipal Corporation, Andhra Pradesh