The Indian Hume Pipe Company gets LOA for Rs 550 cr water supply scheme in UP

Mumbai, Dec 11 (Representative) The Indian Hume Pipe Company has received Letter of Acceptance from State Water & Sanitation Mission, Namami Gange & Rural Water Supply Department (SWSM), Lucknow, Government of Uttar Pradesh for providing water supply schemes in 550 villages of Kanpur Division in Uttar Pradesh at an approximate value of Rs 550 crores. As per Tender condition the total contract value of the work for 550 villages will be finalized and awarded after submission of Detailed Project Report (DPR) by the Company and approved by the State Government. Further the submission of DPR will be in tranches and need to be submitted within 180 days from the date of receipt of list of villages by the Company from SWSM.
Thereafter, Letter of Acceptance will be issued for each scheme and multipartite agreement will be signed. However, minimum work to the tune of Rs 400 Crores is guaranteed as per Tender condition. The project is to be completed within 21 months from the date of signing of multipartite agreements. The Operation & Maintenance period is 10 years after completion of project. The initial Agreement will be signed in due course.