Indian Hume Pipe Company Limited — Updates, 21-03-2025: Press Release

The Indian Hume Pipe Company Ltd. has successfully sold approximately 10 acres of freehold land in North Bengaluru to Godrej SSPDL Green Acres LLP, a subsidiary of Godrej Properties Ltd., for a total of INR 559 Crores. This strategic sale is viewed as a significant milestone for the company, particularly in light of favorable conditions in the real estate market. Chairman & Managing Director Rajas Doshi noted that the transaction followed a competitive bidding process, underscoring the value of partnering with one of the country's most reputable real estate brands. This move could enhance IHP's financial position and offers potential growth avenues moving forward.