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Indian Hume Pipe gets nod for revenue sharing transaction with Kalpataru Gardens

09 Aug 2018 Evaluate

Indian Hume Pipe Company has received approval for revenue sharing transaction with the Developer - Kalpataru Gardens, in respect of development and sale of the developed areas on the company’s land at Vadgaon, Pune in the state of Maharashtra.

The land is admeasuring about 59,784.29 sq mtr equivalent to 6,43,518.09 sq ft approximately and this proposed development will be of residential group housing apartments, complex, commercial / retail areas in terms of and consonance with the Development Control and Promotion Regulations for Pune Municipal Corporation (DCPR - 2017). The meeting of the Board of Directors of the company held on August 8, 2018, approved the same.

Indian Hume Pipe Company is engaged in the construction and maintenance of projects relating to water supply, irrigation, sanitation and sewerage systems, and pipe manufacturing.

Peers
Company Name CMP
Larsen & Toubro 3879.00
Kalpataru Projects 1391.05
NCC 132.85
Rail Vikas Nigam 206.80
KEC International 396.95
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