Moneycontrol PRO
HomeNewsBusinessStocksBrigade Enterprises shares in focus after MoU to develop World Trade Centre in Thiruvananthapuram

Brigade Enterprises shares in focus after MoU to develop World Trade Centre in Thiruvananthapuram

The shares are currently trading at around Rs 1,077, down by Rs 72 or about 6 percent, as seen at 1:48 pm on January 13.

January 13, 2025 / 14:36 IST
.

Brigade Enterprises stocks in focus; enters MoU to develop a World Trade Centre

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Shares of Brigade Enterprises Limited are in focus today after the company announced that it is entering into a Memorandum of Understanding (MoU) with Technopark to develop a World Trade Centre (WTC) in Thiruvananthapuram.

The shares are currently trading at around Rs 1,077, down by Rs 72 or about 6 percent, as seen at 1:48 pm on January 13.

Follow for live updates

In an exchange filing released on January 13, Brigade Enterprises said the MoU also encompasses other supporting infrastructure, including a business hotel at Thiruvananthapuram. The company aims to develop around 1.5 million sq.ft of infrastructure that would be spread across a cluster of towers. It is poised to bring in IT MNCs and provide 'Grade A' IT office space to the workforce in the park.

Brigade Enterprises further said that it has already signed and initiated the expansion of WTC in Kochi Infopark with its third tower. On an overall basis, Brigade plans to bring in investment worth around Rs 1,500 crore to Kerala in the coming years and the development is expected to generate employment opportunities, both direct and indirect, for over 10,000 people.

"Encouraged by the success of WTC Kochi, we are happy to bring Kerala’s second WTC to Thiruvananthapuram. With the overall plan to develop about 1.5 million sq ft of premium office space including a business class hotel, this development is set to become an international landmark for the city of Thiruvananthapuram. At Brigade, we strive to bring world-class experiences to our clients and WTC Thiruvananthapuram is yet another step in this direction" said Mr. M. R. Jaishankar, Executive Chairman, Brigade Enterprises.

Earlier on January 8, the company announced through an exchange filing about the launch of a mixed-use project in Hyderabad. The integrated lifestyle mixed-use development project called 'Brigade Gateway at Neopolis' has a revenue potential of Rs 3,300 crore.

Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

 

Moneycontrol News
first published: Jan 13, 2025 02:08 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

  • On Saturdays

    Find the best of Al News in one place, specially curated for you every weekend.

  • Daily-Weekdays

    Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347