The company confirmed that the incorporation was completed on March 9, 2026, with official confirmation received at 12:49 PM IST.

According to the disclosure, CORR Tollways Limited has been established to undertake tolling, operations, and maintenance of the Chennai Outer Ring Road (CORR) project. The subsidiary will be responsible for managing both Phase I, which stretches from Vandalur to Nemilichery, and Phase II, which runs from Nemilichery to Minjur on TPP Road. The operations will be carried out under a concession, licence, or authorisation granted by the Tamil Nadu State Highways Authority (TANSHA).

The newly incorporated company will operate in the road infrastructure sector and will focus on executing and managing tolling systems along with the operations and maintenance of the highway corridor and related facilities. The Chennai Outer Ring Road is considered an important connectivity route aimed at easing congestion and improving traffic flow around Chennai by enabling smoother movement of freight and passenger vehicles.

CORR Tollways Limited has been incorporated in India as a 100% wholly owned subsidiary of Adani Enterprises. The company has been set up with an authorised and paid-up capital of Rs 10,00,000, divided into 100,000 equity shares with a face value of Rs 10 each. The shares have been subscribed at face value through cash consideration, and the entire shareholding is held by Adani Enterprises.