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The Indian Hume Pipe Company Limited receives LOA for Rs 550 crore water supply scheme in UP

The Indian Hume Pipe Company Limited receives LOA for Rs. 550 crore water supply scheme in UP Posted On: 2020-12-10 21:22:22 (Time Zone: Arizona, USA) The Indian Hume Pipe Company Limited has received Letter of Acceptance from State Water & Sanitation Mission, Namami Gange & Rural Water Supply Department (SWSM), Lucknow, Government of Uttar Pradesh for providing water supply schemes in 550 villages of Kanpur Division in Uttar Pradesh at an approximate value of Rs. 550 Crores. As per Tender condition the total contract value of the work for 550 villages will be finalized and awarded after submission of Detailed Project Report (DPR) by the Company and approved by the State Government. Further the submission of DPR will be in tranches and need to be submitted within 180 days from the date of receipt of list of villages by the Company from SWSM. Thereafter Letter of Acceptance will be issued for each scheme and multipartite agreement will be signed. However, minimum work to the

Sensex rises 139 pts, Nifty holds 13,500

Key indices settled with modest gains after hitting a record high level on Friday. The Nifty managed to close above 13,500 level. PSU and metal stocks were in demand while pharma and IT shares declined. As per the provisional closing data, the S&P BSE Sensex, rose 139.13 points or 0.3% at 46,099.08. The Nifty 50 index gained 28.55 points or 0.21% at 13,506.85. The Sensex hit a record high of 46,309.63 while the Nifty 50 scaled a fresh record high of 13,579.35 in morning trade. In the broader market, the S&P BSE Mid-Cap index gained 0.15% while the S&P BSE Small-Cap index was up 0.51%. The market breadth was positive. On the BSE, 1,757 shares rose and 1,209 shares fell. A total of 152 shares were unchanged.

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