CCI's Rs 640 Crore Boost to Logistics Hub in Chennai

CCI Group plans to invest over Rs 640 crore in the second phase of its logistics hub in Chennai, raising its total investment in the facility to Rs 900 crore. This expansion will add two million sq. ft. of warehousing space, increasing the overall capacity to three million sq. ft.

The development, spanning 85 acres in Polivakkam, is expected to be completed within 15 months, with financing from promoter equity and construction loans.

The facility will feature a standard warehouse operational by mid-year, as well as a built-to-suit (BTS) section designed for industry-specific requirements. It will support sectors such as ecommerce, automotive, FMCG, and manufacturing.

Located strategically near the Sriperumbudur-Oragadam industrial cluster, the hub is poised to attract industries that require high-quality storage solutions.

News by Rahul Yelligetti