Indian Hume Pipe Executes Hyderabad Land Sale Agreement Worth ₹173.96 Crore

Mumbai, November 27: Indian Hume Pipe Company Ltd has announced the execution of a significant land sale agreement in Hyderabad. The company confirmed that it has entered into an Agreement for Sale with Ashoka Builders India Private Limited for its freehold land situated in the Azamabad Industrial Area. The agreement is for its freehold land located at Azamabad Industrial Area, Hyderabad. The land parcel measures 18,311.57 sq yards (15,310.80 sq mtrs). It carries a total sale deal value of ₹173.96 crore. The company has already received an advance of ₹100 crore.

Indian Hume Pipe Company Ltd (NSE: INDIANHUME, BSE: 504741) is an Indian company that provides services in the water infrastructure, engineering, and construction sector. It is engaged in the manufacturing, supply, and installation of various types of pipes and the execution of water supply and sewage projects. The company was established in 1926 and is headquartered in Mumbai, Maharashtra.

Shares Rise by 0.34% at ₹397

As of 3:05 PM, the Indian Hume Pipe share price was up by 0.34%, or 1.35 points, and was trading at ₹397. Until now, the shares have traded within a range of ₹408.15 and ₹394.10. The traded volume stood at 58.28 thousand shares, with the company’s market cap at ₹2,084 crore. The shares have their 52-week high at ₹479 and their 52-week low at ₹281.05.

Investor Takeaway

Indian Hume Pipe has signed a land deal in Hyderabad worth ₹173.96 crore. The amount for its land parcel will contribute to the company’s revenue in the coming quarter. The advance of ₹100 crore is more than half of the total deal value, indicating that the deal will be executed successfully. Investors have reacted positively to the news, leading to a share price rise. Investors will hope that the shares reach a higher price tomorrow and end the week on a positive note.

REF: https://nsearchives.nseindia.com/corporate/SHARES_27112025112528_INTIMATIONLETTERHYDERABADLAND27112025.pdf

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