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Indiana American Water completes $24.5M project upgrading water mains and replacing lead lines in Gary.

Market News
06 Oct 2026
PRNewsWire
View Source
Bullish
Indiana American Water completes $24.5M project upgrading water mains and replacing lead lines in Gary.

Indiana American Water finished a $24.5 million project in Gary, Indiana, replacing old water transmission and distribution mains to improve service reliability, fire protection, and infrastructure capacity. The project included installing larger pipes and replacing over 100 lead service lines, enhancing water quality and system resilience for Northwest Indiana customers. This upgrade supports future demand and public health, with only a final connection at the Borman Park Water Treatment Plant remaining. The investment is part of a broader commitment to maintain safe, reliable water services across the state.

Indiana American Water's recent $24.5 million infrastructure upgrade comes as its stock price on Pluang holds steady at USD 127.84, close to its 52-week low of USD 121.13 but well below its 52-week high of USD 145.43 as of Oct 06, 2026 18:52 WIB. Despite the significant investment in improving water service reliability, the stock shows no daily price change and a dividend yield of 2.8%, with a majority of Pluang investors currently selling (92%) rather than buying (8%).

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