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| Exchange Disseminated Time | | Indian Hume Pipe Company Ltd has informed BSE that to meet the requirements of Orders on hand, the Company is in the process of adding up its pipe production capacities by setting up 3 plants at two locations for manufacturing pipes in the State of Andhra Pradesh one at Chillamuthur, Anantpur District and another in Karnool District involving a total capital outlay of about Rs 20 crores. The site for the new factory in karnool district is being finalised. The Orders on hand (balance works) stands comfortably at Rs 1256 crores as against Rs 592 crores as of date last year. About 83% of balance orders, requirement of steel and cement is covered under escalation clause with the clients thereby risk of higher cost due to increase in the prices of these materials is largely protected. |
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