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Indian Hume Pipe Company Ltd has sold its Hyderabad land for ₹1.74 billion, executing a sale deed to unlock asset value. The move strengthens liquidity, supports core infrastructure operations, and is expected to boost investor confidence. Analysts see the deal as a strategic step toward financial efficiency and growth.
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Indian Hume Pipe Company Ltd, a leading player in water supply and infrastructure projects, announced that it has executed a sale deed for its land in Hyderabad, fetching a substantial ₹1.74 billion. The transaction marks a significant monetization of non-core assets, providing the company with fresh liquidity to support operations and growth.
Key Highlights
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Sale Value: The Hyderabad land parcel was sold for ₹1.74 billion, reflecting strong demand for prime real estate in the region.
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Strategic Move: The sale aligns with Indian Hume Pipe’s strategy of unlocking asset value and channeling funds toward its core business in water supply, sewerage, and irrigation projects.
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Business Context: Indian Hume Pipe is known for its expertise in cement pipes, water infrastructure, and turnkey projects, serving both government and private clients.
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Financial Impact: The proceeds are expected to strengthen the balance sheet, improve cash flows, and potentially reduce debt obligations.
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Investor Sentiment: Analysts view the deal as a positive development, likely to boost investor confidence in the company’s financial prudence and long-term growth outlook.
This transaction underscores Indian Hume Pipe’s focus on operational efficiency and resource optimization while continuing to contribute to India’s infrastructure development.
Sources: Economic Times, Moneycontrol, Business Standard
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