Indian Hume Pipe receives revised LoA from SWSM for Water Supply Schemes; stock gains 1%

The Indian Hume Pipe Company Limited informed the exchanges Saturday that the company has received revised Letter of Acceptance (LoA) from State Water & Sanitation Mission, Lucknow, Government of Uttar Pradesh (SWSM) for Water Supply Schemes after the cancellation of previous LoA by SWSM.

The revised project areas of Kanpur Division are Auraiya, Etawah, Farukhabad, Kanpur Rural, Kanpur Urban and Kannauj Districts and the value of Work order will be about Rs400cr which is as per the minimum amount of Tender.

However, work order value will be determined after submission of Detail Project reports by the company to the SWSM from list of villages to be provided by them.

The company had informed the exchanges on December 11, 2020, about the receipt of LoA from SWSM for Water Supply Schemes in various villages of ‘Kanpur Division’ in Uttar Pradesh for the work of Rs550cr.