The Indian Hume Pipe Company Limited has received Letter of Intent of the value of INR 4,950.4 million (excluding Royalty, Insurance, GST, Land acquisition and crop compensation) from Tapi Irrigation Development Corporation Jalgaon (Jalgaon Irrigation Project Circle), Maharashtra for Engineering, Procurement and Construction (EPC) of Civil, Mechanical and Electrical works for Pressurised Piped Distribution Network of Varkhede Londhe Irrigation Project including Operation and Maintenance of entire system for five years. The project is to be completed within period of 24 months. Further, the company hereby confirm that none of the promoter/promoter group/group companies have any interest in the entity from whom the order/contract is received and the order/contract does not fall within the purview of related party transactions.

The company further confirm that the work order is received from Domestic entity.