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Change in Industry Classification of the Company in Bombay Stock Exchange Record |
| The Industry Classification for The Indian Hume Pipe Company Limited in the Bombay Stock Exchange record is changed to "Construction Infrastructure Roads, Bridges etc." from earlier classification of "Cement - Cement Products / Building Materials" |
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| Over the years the nature of the Company's activities has undergone a drastic change from cement concrete pipe manufacturing to undertaking and execution of turnkey projects for infrastructural development such as the combined water supply projects. |
| The Company has been in the business of Manufacturing, laying and jointing of pipelines of various varieties such as RCC Pipes, Steel Pipes, Prestressed Concrete Pipes, Penstock Pipes, Bar Wrapped Steel Cylinder Pipes (BWSC) Prestressed Concrete Cylinder Pipes (PCCP), Penstocks, etc. which provide Infrastructure facility and Development for Water Supply Project, Water treatment system, Irrigation Project, Sanitation, Sewerage system as solid water management system and Hydro Electric Project. The Company has executed various projects in India for water supply from the source of distribution centers, which apart from manufacturing, laying and jointing of pipelines involves construction of water pumping station, branch mains elevated reservoirs leading to development of complete system for water supply in India so also fabrication, transfer and erection of Penstocks for many Hydro Electric Power Projects. Such projects constitute 95% of the turnover of our Company. |
| The change in classification will appropriately reflect the nature of business carried out by the Company. |