Indian Hume Pipe has received Letter of Acceptance (LoA) for the work of Rs 2.21 billion from Madhya Pradesh Jal Nigam Maryadit (A Govt. of Madhya Pradesh Undertaking) for Engineering, procurement, construction, testing, commissioning, trial run and operation & maintenance of various components of lndwar-l Multi Village Rural Water Supply Scheme Distt. Umaria and Katni for ultimate capacity of bringing 29.10 mld treated water (23 hours of pumping) from the backwater of Bansagar Dam on river sone to 1'18 villages of Manpur Block of Umaria and Vijayraghavgarh and Barhi Blocks of Katni District in Single Package on 'Turn-key job basis' including trial run & maintenance of the entire scheme for 10 years.

The project is to be completed within 24 months.

Shares of the company declined Rs 16.7, or 5.73%, to settle at Rs 274.50. The total volume of shares traded was 1,347 at the BSE (Tuesday).