New Irrigation Project 2024 – The Indian Hume Pipe Secures Major EPC Project in Maharashtra Worth ₹859 Crore
About The Indian Hume Pipe Company
The Indian Hume Pipe Co. Ltd., a leading name in the manufacturing and installation of pipelines, has recently announced a significant achievement. The company has bagged an order worth ₹859 crore in Maharashtra, marking a substantial milestone in its journey. The project, which includes extensive engineering, procurement, and construction (EPC) work, is a testament to the company’s expertise in the infrastructure sector.
Irrigation Project Details
The Indian Hume Pipe Co. Ltd. has received a letter of intent from the Tapi Irrigation Development Corporation in Jalgaon, Maharashtra, for an EPC project valued at ₹858.88 crore. This project will involve various critical activities, including engineering, procurement, and construction, aimed at enhancing the region’s irrigation infrastructure.
The scope of the order is vast and includes tasks such as:
- Engineering & Procurement: Detailed engineering and procurement processes will ensure that the project is executed with precision and efficiency.
- Construction (EPC): The construction phase will focus on building a piped distribution network, designed to irrigate an extensive area.
- Testing & Commissioning: The company will also handle the trial, testing, and commissioning of the gravity piped distribution network, covering 26,907 hectares of land.
- Operation & Maintenance: The project includes a five-year period for the operation and maintenance of the entire system, ensuring long-term sustainability.
New Irrigation Project 2024
The project will impact the irrigation system under the Jamphal Dam, located in the Sulwade Jamphal Kanoli lift new irrigation project in Maharashtra, Dhule district, Maharashtra.
The Indian Hume Pipe Co. Ltd. continues to demonstrate its leadership in the infrastructure sector with this latest EPC project. With its strong track record and commitment to excellence, the company is poised to deliver a high-quality irrigation system that will benefit thousands of hectares of agricultural land in Maharashtra. This project not only reinforces their position in the market but also contributes to the region’s agricultural productivity and economic growth.
Indian Hume Pipe Co. Ltd., EPC project, Maharashtra, Jalgaon, irrigation infrastructure, engineering procurement construction, gravity piped distribution network, Jamphal Dam, Tapi Irrigation Development Corporation, infrastructure sector.
Share Performance
TIndian Hume Pipe Co. Ltd. has shown remarkable growth in its share value over the past year. The company’s shares reached a 52-week high of ₹572.60 on August 26, 2024, and a 52-week low of ₹211.90 on October 26, 2023. In the last six months, the shares have surged by 83%. Over the past year, they have risen by 91%, and in the last two years, the shares have gained an impressive 204%.
Financial Highlights
For the first quarter of the financial year 2024-25, Indian Hume Pipe reported a total income of ₹365.61 crores, up from ₹349.55 crores in the same quarter of the previous year. The company’s Earnings Before Interest, Taxes, Depreciation, and Amortization (EBIDTA) stood at ₹59.57 crores, with a net profit of ₹31.16 crores. This is a significant improvement compared to the previous year’s figures of ₹31.70 crores in EBIDTA and ₹8.51 crores in net profit.
Order Book
As of July 31, 2024, the company has a strong order book, with an estimated balance value of ₹3454.46 crores, up from ₹2878.44 crores on July 31, 2023. Additionally, the company is the lowest bidder (L1) in a project valued at ₹858.88 crores.
Indian Hume Pipe continues to demonstrate strong financial health and growth potential, making it a key player in the infrastructure sector.
This information collect from media.
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