Indian Hume Pipe Company Ltd

Indian Hume Pipe Company Ltd

Indian Hume Pipe Company Ltd incorporated in 1926 is part of Walchand Harichand group. The company manufactures Hume Pipes Hume Steel Pipes Pre-stressed Concrete Pipes Bar Wrapped Steel Cylinder Pipes Steel Penstock Pipes RCC Poles Septic Tanks RCC Lampposts and Manhole covers. It also undertakes contracts for erection and commissioning of water supply and sewage schemes for various state governments and municipal corporations fabrication and erection of penstocks for various power projects and executes work pertaining to lift irrigation Schemes. In addition it also manufactures and supplies PSC sleepers to the Railways. In 1979 National Rifles was amalgamated with the company. The company exited from Srilanka due to unsatisfactory business prospects by selling its stake in it's subsidiary Industrial Hume Pipe Company to one of the local directors of the Subsidiary at par value.During the year 1999-2000 the work of fabrication and erection of Penstocks for Koyna Hydro Electric Project Stage-IV has been completed and commissioned. Also the work of erection of Steel Liners in pressure shafts line of 6 for Narmada Project also has been completed. In 1999-2000 IHP has closed its factory at Baroda and has establised two new project works viz. at Thanjavur and Thirunelveli both in TN. And in 2000-01 it closed it's project at Bhubaneshwar and now the total project/Factory of IHP is 38 as on March 31 2001.During the year 2001-02 the company has closed its factory at Nizamabad and projects at Narmada and Koyna and has started a new project at Almattiin Karnataka.The company would go for buyback of shares as the directors of the company have recommended the proposal of buy back 25% of the paid up share capital.The company has completed the transaction of Development agreement in respect of its factory land at Antop Hill Madala Mumbai for a total consideration of the Rs.39 Crores and about to handover the possession of the land to developers.