Indian Hume Pipe Company Ltd signed a ₹1.74 billion deal to sell freehold land in Hyderabad. The move aims to monetize non-core assets and strengthen liquidity. Shares traded near ₹351, with analysts expecting improved financial flexibility to support its pipeline and water infrastructure projects.
Indian Hume Pipe Company Ltd announced it has entered into an agreement to sell its freehold land in Hyderabad for a consideration of ₹1.74 billion (₹174 crore). The move reflects the company’s strategy to unlock value from non-core assets while focusing on its core infrastructure and pipeline business.
Key Highlights
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Deal Value: ₹1.74 billion, strengthening the company’s liquidity position.
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Asset Sold: Freehold land located in Hyderabad, a prime real estate hub.
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Strategic Intent: The sale is aimed at monetizing idle assets and channeling funds into growth opportunities.
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Market Impact: Shares of Indian Hume Pipe traded around ₹351 on BSE, showing muted reaction amid broader market volatility.
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Core Focus: The company continues to prioritize its pipeline manufacturing and water infrastructure projects, which remain its primary revenue drivers.
Analysts note that the transaction could improve the company’s balance sheet flexibility, enabling it to bid for larger EPC contracts in the water supply and infrastructure sector.
Sources: Screener, Trendlyne, ScanX