- Business
- Coromandel Engineering Company Limited (COROENGG.BO) engages in construction and property development across India, with a focus on residential, commercial, and infrastructure projects; it offers services including residential flats and housing solutions such as rural, semi-urban, affordable housing, luxury villas, and farmhouses; commercial buildings like office complexes, retail outlets, and mixed-use developments; industrial infrastructure comprising factories, warehouses, and industrial parks; urban and rural infrastructure encompassing roads, drainage systems, public utilities, and large-scale projects; farmland and sites development; Coral clubs and resorts; Coral Mall retail spaces; joint ventures for real estate; improvised integrated farming; equipment rental; and project management consultancy (PMC) services. Founded in 1947 and headquartered at Parry House, 3rd Floor, 43 Moore Street, Chennai, India, the company operates primarily in southern India with projects in regions including Chennai, Bangalore, and Karaikudi, serving clients such as LIC, DBS Bank, Tamil Nadu Electricity Board, and recent partners like Alagappa University, Shriram Liberty Square, and SSN Institutions. As part of the Murugappa Group, it maintains expertise in sectors like cement plants, power plants, sugar plants, and automobile facilities, with over 100 successful projects, 120 clients served, and 25 prestigious awards. Recent developments include the allotment of 16,49,840 shares via preferential allotment increasing paid-up capital to Rs 34.88 crore, as announced ahead of its 77th Annual General Meeting scheduled for September 18, 2025; a shift in registered office to Parry House in 2016; and ongoing focus on future-ready, customer-centric spaces through strategic partnerships and renewed vision emphasizing quality, safety, sustainability, and seamless project execution, as reflected in FY2025 financials showing net profit of Rs 41.49 lakh despite sales challenges.