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ASCENDAS IT PARK (CHENNAI) LTD

Ascendas IT Park (Chennai) Private Limited (AITPCL), an associate sector company of Tamilnadu Industrial Development Corporation Limited (TIDCO) developed in association with Ascendas (India) Private Limited, a subsidiary of Jurong Town Corporation, Singapore Statutory Board. TIDCO’s equity contribution in this project is 11%.

Ascendas IT Park (Chennai) Ltd. is located at Taramani, Chennai.

The project was formed to implement Building and Management of an IT Park in floor space of around 1.5 million sq.ft. to be developed in phases for which 15 acres of Government land had been alienated in favour of AITPCL. The project is proposed to be developed in 3 phases with each phase comprising 5 acres of land.

The phase I comprises of about 5,40,000 Sq.ft. of built up space developed at a cost of about Rs.130 crores. Phase II of the project comprises about 7,30,000 sq.ft of built up space developed at a cost of about Rs.192 crores. Phase I and II are operational and fully occupied. The company has also started developing phase III of the project by September, 2008 having a business space of about 8,00,000 sq.ft. at a project cost of about Rs.232 crores.

Phase I, II & III are fully operational.

Employment Generated is 18,650 persons.

For further details, visit www.itpchennai.com

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