The Indian Hume Pipe Company Limited Receives Rs 417.97 Crore Work Order from Maharashtra Krishna Valley Development Corporation
The Indian Hume Pipe Company Limited has secured a significant work order valued at Rs 417.97 Crores from the Maharashtra Krishna Valley Development Corporation (MKVDC). The order, awarded under Regulation 30 of SEBI regulations, involves the construction of head works and a closed pipe distribution system for the Ner Direct Gravity main under the Guruvarya late Laxmanraoji Inamdar Lift Irrigation scheme in Satara, Maharashtra. The project is to be executed over a period of 48 months as a domestic percentage rate contract, with the order value excluding GST.

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The Indian Hume Pipe Company Limited has received a Letter of Intent with an order value of Rs 417.97 Crores from the Jihe Kathapur Lift Irrigation Division, Maharashtra Krishna Valley Development Corporation (MKVDC), Satara, Maharashtra. The order was awarded under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with the disclosure dated 24 April 2026.
The project scope involves the construction of head works and a closed pipe distribution system of the Ner Direct Gravity main, under the Guruvarya late Laxmanraoji Inamdar Lift Irrigation scheme located in Jihe Kathapur, Satara district, Maharashtra. The contract has been classified as a domestic B1 percentage rate contract and is to be executed within a time period of 48 months.
| Sr. No. | Particulars | Details |
|---|---|---|
| a) | Name of the entity awarding the order | Executive Engineer, Jihe Kathapur Lift Irrigation Division, Maharashtra Krishna Valley Development Corporation (MKVDC), Satara, Maharashtra |
| b) | Significant terms and conditions | Construction of Head works and closed pipe distribution System of Ner Direct Gravity main, under Guruvarya late Laxmanraoji Inamdar Lift Irrigation scheme, (Jihe Kathapur), Dist. Satara, Maharashtra |
| c) | Whether order awarded by domestic/international entity | Domestic |
| d) | Nature of order | B1 (Percentage rate contract) |
| e) | Whether domestic or international | Domestic |
| f) | Time period for execution | 48 months |
| g) | Broad consideration or size of order | Rs.417.97 Crores (excluding GST) |
| h) | Whether promoter/promoter group have any interest | No |
| i) | Whether order falls within related party transactions | No |
The disclosure confirms that neither the promoter, promoter group, nor group companies have any interest in the entity that awarded the order. Additionally, the order does not fall within related party transactions. The company has submitted the requisite details pursuant to SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CI-R/2023/123 dated July 13, 2023 and SEBI Master Circular No. SEBI/HO/CFD/CFD/PoD2/CIR/P/0155 dated November 11, 2024.
The Indian Hume Pipe Company Limited, headquartered at Construction House, 5, Walchand Hirachand Road, Ballard Estate, Mumbai - 400 001, is listed on both BSE Limited (Scrip Code: 504741) and National Stock Exchange of India Ltd. (Symbol: INDIANHUME). The disclosure was digitally signed by Niraj R. Oza, Vice President - Company Secretary & Legal, on 24 April 2026.
Historical Stock Returns for Indian Hume Pipe
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.15% | -0.63% | +5.01% | -7.20% | -19.73% | +91.32% |
How will this ₹417.97 crore order impact Indian Hume Pipe's revenue growth and market share in the irrigation infrastructure segment over the next four years?
What additional irrigation projects might emerge from Maharashtra's water infrastructure development plans that could benefit the company?
Will Indian Hume Pipe need to expand its manufacturing capacity or workforce to meet the 48-month execution timeline for this large-scale project?


































