Indian Hume Pipe Company has received Letter of Acceptance for the work of Rs 2.04 billion from public Health & Municipal Engineering Department, Government of Andhra Pradesh for the work of Kurnool District (NCT) - Package ll-External Aided Project (EAP)-Assistance from Asian lnfrastructure lnvestment Bank (AllB)-Andhra Pradesh Urban Water Supply and Septage Management lmprovement Project (APUWSSMIP) for providing water supply distribution network, house service connections, AMR meters and SCADA including operation & maintenance for 7 years including defect liability for 2 years in Municipal Towns of Yemmiganur, Atmakuru, Allagadda, Gudur & Nandikotkur in Kurnool District.

The project is to be completed within 24 months.

Shares of the company declined Rs 2.5, or 0.87%, to trade at Rs 284.50. The total volume of shares traded was 1,264 at the BSE (9.40 a.m., Thursday).