Coromandel Engineering Company Ltd (CECL), part of the $3 billion Murugappa group, is in talks with foreign and domestic infrastructure companies for its proposed foray into the infrastructure construction space.
The company, which has been into residential and commercial constructions for the last 60 years, is now “looking at the infrastructure space like construction of metro rail, roads and ports,” chief executive officer KE Ranganathan told Business Standard.
Kumar said the company was focusing on Tier II cities and has identified properties in Tiruchi, Madurai and Tirunelveli in Tamil Nadu and Mysore in Karnataka. It is in the process of developing five projects with 1,000 apartments in Coimbatore targeting the middle and upper middle class. The total value of Coimbatore projects is around Rs 300 crore.
Courtesy: skyscrapercity
No comments:
Post a Comment