Cholamandalam Investment and Finance Company Awards Construction Contract Worth Rs. 540 Crores
Cholamandalam Investment and Finance Company Ltd. has awarded a works contract for the construction of its corporate office building located at 18 & 18/1, Velachery Main Road, Guindy, Chennai. The contract, valued at Rs. 540 crores, was awarded to M/s. Kalpataru Projects International Limited.The construction project is slated for completion within 33 months. The contract is with a domestic entity, and does not involve any related party interests or transactions at arm’s length.
Below is a summary of the contract details:
| Detail | Information |
|---|---|
| Entity Awarded Contract | M/s. Kalpataru Projects International Limited |
| Entity Type | Domestic |
| Contract Description | Construction of Corporate Office Building |
| Contract Duration | 33 months |
| Contract Value | Rs. 540 crores |
| Promoter/Group Company Interest | No |
| Related Party Transaction | No |
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