The shares of Indian Hume Pipe Co hiked around 8% intraday Monday as the company signed Memorandum of Understanding (MoU) with the Kalpataru Gardens for the development of land at Pune.

Indian Hume Pipe company has given the power of attorney to a developer for acquiring approvals, permissions, sanctions, NOC’s relating to the development of land. At 3:59 PM on 10 September 2018, the share price was quoting INR 294.50 up INR 14.10 or 5.03%.

About Indian Hume Pipe Company:

The Indian Hume Pipe Co Ltd. was incorporated in 1926, known for manufacturing and marketing Hume Pipes & allied products. Today, a company has more than twenty factories and completed numerous projects in India. The company is involved in building a nation’s infrastructure in diverse fields like water supply, drainage, power generation, irrigation & rail transport.