Brigade Hotel Ventures Limited has informed the Exchange regarding a press release dated February 02, 2026, titled "BHVL Sign MoU with Tamil Nadu Government to invest ₹1100 Crore in Chennai, to add 500+ Keys across three new hotels in Chennai".
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Brigade Hotel Ventures Limited (BHVL) has signed a Memorandum of Understanding with the Tamil Nadu Government to invest ₹1,100 Crore in Chennai. The investment will fund three new hotels, adding over 500 keys to the company's portfolio. This marks a significant expansion of BHVL's hospitality footprint in a key South Indian market. The announcement was made via a press release dated February 2, 2026.
Positive for shareholders — this is a large-scale capacity expansion backed by government partnership, which could drive future revenue growth and strengthen the company's presence in Chennai's hospitality market.