FilingReader Intelligence

Brigade Group plans INR 1500 cr Kerala investment

February 21, 2025 at 07:03 PM UTCBy FilingReader AI

Brigade Enterprises Limited [BSE:BRIGADE] announced plans to invest ₹1500 crore in Kerala, having submitted an Expression of Interest (EOI) at the Invest Kerala Global Summit 2025. The investment aims to expand Brigade's presence in the state, including establishing a second World Trade Center (WTC) in Kerala, after WTC Kochi. The group is looking to further expand its footprint in Kerala with a luxury island resort at Vaikom and residential project in Kochi. These developments are projected to be completed by 2030, potentially creating over 12,000 jobs. This announcement follows a recent MoU with Technopark to develop a WTC in Thiruvananthapuram. Brigade's existing WTC Kochi is undergoing expansion with its third tower.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:BRIGADEBombay Stock Exchange

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