1. Home
  2. >

Coromandel Engg joins realty bandwagon

Chennai-based Coromandel Engineering (CECL), part of the US$3 billion Murugappa Group, has lined up a slew of residential and commercial projects in Chennai even prior to its proposed entry into Karnataka.
The company’s plans for the metro city span three projects. These include: a 30-apartment project in ABM Avenue in the posh Boat Club suburb of the city besides two other residential projects slated to be launched in Pallikarnai and Kotturpuram. Elaborating on the company’s future plans, KE Ranganathan, CEO said, “We are aiming to touch revenues of Rs500 crore in the next 3-4 years’ through a sharper focus on ‘contract’ and ‘property development’ segments."
As part of its future strategy the company is keen on increasing its exposure to the real estate segment apart from the construction contracting business, its core focus area currently. The company has already completed over 50 projects in the residential segment, spanning an area of over 2 million sq ft.

Most Popular


Olympia Group announces to build up 1.1mn sq-ft greenfield it park in Guindy
The project will have a total investment of about Rs 750 crore


Vital pre-monsoon building works resume in Maharashtra
The state government has permitted pre-monsoon work by BMC and other agencies

Latest Issue

Sept 2020
01 Sep 2020