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Indian Hume Pipe Company receives LoA for order worth Rs 257.60 crore


Indian Hume Pipe Company has received today the Letter of Acceptance for the work of about Rs.257.60 crores (including GST) from Madurai City Municipal Corporation.
The order is for dedicated water supply scheme for Madurai City Municipal Corporation for construction of distribution Network System (DI & HDPE), House service connections and Instrumentation for Madurai City Municipal Corporation Added Area-Package-4. The project is to be completed within 36 months.
The announcement was made on Saturday, 3 July 2021. Shares of Indian Hume Pipe Company rose 1.2% to settle at Rs 230.25 on Friday, 2 July 2021.
Indian Hume Pipe Company is engaged in the business of construction and maintenance of projects relating to water supply, irrigation, sanitation and sewerage systems and pipe manufacturing. ....

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Stocks to watch: India Pesticides, HDFC, Avenue Supermarts, HCL Tech, ONGC


Here are the top stocks to track in today s session:
India Pesticides: Shares of recently concluded India Pesticides IPO will commence trading on the exchanges today. The issue price has been fixed at Rs 296 per share and according to analysts, the scrip can list at a premium of over 15 per cent.
Avenue Supermarts: The owner and operator retail chain D-Martsaid its standalone revenue from operations rose 31.27 per cent YoY to Rs 5,031.75 crore for the quarter ended June 30.
IndoStar Capital Finance: The company has acquired 25 crore share in its home finance subsidiary for Rs 250 crore, the company said on Friday.
HCL Technologies: The IT major has announced a multi-year agreement with Fiskars Group to help them with digital transformation. ....

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