Cholamandalam Investment and Finance Company has awarded a significant works contract valued at ₹540 crores for the construction of its new corporate office building. The contract has been granted to M/s. Kalpataru Projects International, a domestic entity, highlighting the company’s commitment to expanding its infrastructure.
The construction of the corporate office will take place at 18 & 18/1, Velachery Main Road, Guindy, Chennai – 600 032. The project is expected to be completed over a period of 33 months, marking a substantial investment in the company’s operational capabilities.
The awarded contract is not associated with any interests from the promoter or promoter group of Cholamandalam Investment and Finance Company. Additionally, the transaction does not qualify as a related party transaction, ensuring transparency and adherence to regulatory standards.
M/s. Kalpataru Projects International, the recipient of the contract, is recognised for its expertise in large-scale construction projects, which aligns with Cholamandalam’s strategic objectives of enhancing its corporate infrastructure.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).