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📋 Filing Types Available on ForgeUp Filings Sourced from BSE corporate announcements (equity segment). Companies covered are BSE-listed and most are also listed on NSE. We show only material filings.
Financial Results Orders Dividend Buyback Merger / Acquisition Board Meeting Outcome Fundraise (QIP / Rights / FPO) Regulatory / Court Order Credit Rating Change Promoter Pledge Update Management Change Joint Venture / MOU Delisting Bonus Shares Stock Split
Data sourced from BSE India corporate announcements. More categories will be added over time.
Indian Hume Pipe Company Ltd

Indian Hume Pipe wins Rs. 461 Crore in two JV irrigation contracts

ORDERS ▲ Positive Development MEDIUM RISK
📅 Filed on BSE: 01 May 2026, 12:54 PM IST  ·  BSE ID: 673a83b3-a364-44f2-ad8f-b9cf07595ccb
View Original BSE Filing (PDF)
💡
In Simple Terms
Indian Hume Pipe won two major water irrigation infrastructure contracts through joint ventures worth Rs. 461 Crore to the company.
🤖 AI Summary
  • Indian Hume Pipe secured Rs. 461 Crore combined company share in two JV irrigation contracts
  • Bhagpur Lift Irrigation Scheme Stage 2: Rs. 343 Crore share from Rs. 1,716.70 Crore total work order
  • Ner Lift Irrigation Scheme 3 & 4: Rs. 118 Crore share from Rs. 536.59 Crore total Letter of Intent
  • Both contracts: 48-month construction phase plus 5-year operation and maintenance period
  • Clients: Tapi Irrigation Development Corporation and Maharashtra Krishna Valley Development Corporation
🔢 Key Numbers — exact figures from BSE filing, not rounded
Company share — Bhagpur Lift Irrigation Scheme
Rs. 343 Crore
Total JV work order — Bhagpur project
Rs. 1,716.70 Crore
Company share — Ner Lift Irrigation Scheme
Rs. 118 Crore
Total JV Letter of Intent — Ner project
Rs. 536.59 Crore
Combined company share across both contracts
Rs. 461 Crore
Construction period
48 months
Operation and maintenance period
5 years
🏢 How This Affects the Company
📈
Business Impact
Two material domestic irrigation contracts add Rs. 461 Crore to company's order backlog. Combined with prior April 24 disclosure of Rs. 417.97 Crore contract, company has secured Rs. 878.97 Crore in irrigation infrastructure orders within one week.
💰
Financial Impact
Rs. 461 Crore in contract value will generate revenue over 4-year construction period plus 5-year O&M phase. Impact on cash flow and margins depends on percentage-rate contract execution rates and cost inflation over 48-month construction window.
⚙️
Operational Impact
Two concurrent 48-month irrigation projects require workforce deployment, plant and equipment allocation, and supply chain coordination across Jalgaon and Satara districts. Operating 5-year maintenance phases after construction completion creates long-term recurring revenue stream.
⚠️
Risk Impact
Joint venture structure distributes project execution risk but limits direct control. Percentage-rate contracts expose company to cost inflation over 48-month period. Dependence on state irrigation corporations as single clients introduces payment and regulatory risk.
👥 What This Means For Shareholders
✅
Action Required
No action required. Disclosure is informational only under Regulation 30.
👤
Who Is Affected
All shareholders benefit from expanded order backlog. Rs. 461 Crore revenue visibility strengthens cash flow forecasts over 4-year construction and 5-year O&M phases.
🔍
Management Signal
Aggressive pursuit of state-level irrigation infrastructure contracts reflects management strategy to expand domestic water infrastructure segment through joint venture partnerships.

For information only. Not investment advice. ForgeUp is not SEBI-registered.

👁 Watch List — track these upcoming events
Q1 FY27 results — verify order recognition and revenue contribution from both projects
Project completion updates — track construction milestone disclosures for both Jalgaon and Satara sites
O&M contract commencement — confirm 5-year maintenance phases begin after 48-month construction completion
MEDIUM RISK Joint venture profit sharing limits margin control. Percentage-rate contracts expose to inflation over 48 months. State corporation customer concentration creates payment timing and policy risk.
💡 Investor Takeaway
Indian Hume Pipe secured Rs. 461 Crore combined company share across two JV irrigation contracts with 48-month construction and 5-year O&M phases. Filed as Regulation 30 material update. Follows Rs. 417.97 Crore irrigation contract disclosed April 24.
⚖️ Strengths & Concerns

✅ Positives

  • Rs. 461 Crore in secured company share establishes material backlog visibility. Domestic irrigation focus leverages existing market position.
  • Dual 5-year O&M phases create 10-year long-term recurring revenue streams from both projects post-construction.

⚠️ Concerns

  • Joint venture structure limits company's profit margin and operational control. Percentage-rate contracts expose margins to inflation over 48-month execution.
  • Both contracts awarded by state irrigation corporations, creating concentration risk in customer base and cash flow timing.
📅 Company Track Record
Indian Hume Pipe disclosed Rs. 417.97 Crore four-year irrigation infrastructure contract from Maharashtra on April 24, 2026. Current filing adds Rs. 461 Crore in JV company share within one week, bringing total irrigation order wins to Rs. 878.97 Crore announced in April-May 2026 period.

Based on publicly available historical data. For context only.

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⚠️ For Information Only — Not Investment Advice
ForgeUp Filings provides AI-generated summaries of public BSE exchange announcements (equity segment) for informational purposes only. Nothing here constitutes investment advice or a recommendation to buy, sell, or hold any security. ForgeUp is not a SEBI-registered investment advisor. All financial numbers are sourced directly from BSE filings and shown as-is. Past data is historical only. Please consult a qualified financial advisor before making investment decisions. Data sourced from BSE India public disclosures.
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