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Indian Hume Pipe Company to monetise 14.77 acres land in Pune

03 Oct 2016 Evaluate

Indian Hume Pipe Company has received an approval for exploring the possibility of development of Vadgaon land, Pune in state of Maharashtra. The company’s pipe manufacturing factory admeasuring about 14.77 acres at Vadgaon, Pune Sinhgad Road, Pune has been closed since with effect from November 01, 2015. The board of directors at its meeting held on October 01, 2016 has approved for the same.

The board has authorized the Chairman & Managing Director and Executive Director of the company to explore the possibility of monetizing the Vadgaon land, Pune and appoint reputed Property Consultant for identifying a Developer.

Indian Hume Pipe Company was incorporated with the object of manufacturing, popularizing and marketing Hume Pipes and allied products.


Peers
Company Name CMP
Larsen & Toubro 3845.00
Kalpataru Projects 1397.60
NCC 133.45
Rail Vikas Nigam 207.00
KEC International 395.45
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