Cholamandalam Investment and Finance Company Ltd. has announced the awarding of a significant works contract for the construction of its new Corporate Office building in Chennai. The contract, secured by M/s. Kalpataru Projects International Limited, is valued at Rs. 540 crores. The project duration is estimated to be 33 months, marking a key investment in the company’s infrastructure as disclosed on March 25, 2026.
Corporate Infrastructure Development Confirmed
Cholamandalam Investment and Finance Company Limited has formally disclosed the award of a major works contract related to the construction of its new Corporate Office building. The location for the development is specified as 18 & 18/1, Velachery Main Road, Guindy, Chennai – 600 032. The contract was awarded following due diligence processes announced on March 25, 2026.
Key Contract Details
The entity to which the contract has been awarded is M/s. Kalpataru Projects International Limited, which is classified as a Domestic entity. The broad commercial consideration agreed upon for this construction project stands at Rs. 540 crores. This represents a substantial investment in the company’s future operational infrastructure.
Project Timeline and Commercial Terms
The significant terms and conditions of the agreement involve works related to the construction of the Corporate Office building. The expected time period associated with executing the order is 33 months. The company has confirmed that the contract does not fall within related-party transactions, ensuring governance standards are maintained.
Source: BSE
