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Indian Hume Pipe Company executes agreement with Kalpataru

22 May 2023 Evaluate

Indian Hume Pipe Company has executed Agreement for Development with Kalpataru (the Developer) for Sharing revenue from development of the company's freehold land admeasuring 59,784.29 sq. mtrs equivalent to 6,43,518.09 sq. ft. approximately, situated at Vadgaon in Pune city. This development will primarily be residential towers including amenities subject to the obtaining of applicable approvals and permissions to be obtained by the Developer. The company will be responsible for all costs related to providing FSI and conversion of land from industrial to residential use.  

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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