Indian Hotels plans Rs 5,000 crore investment
MUMBAI: Indian Hotels (IHCL), the oldest operating company of the Tata Group, plans to invest Rs 5,000 crore over the next five years with the goal of doubling its hotel count and revenue by 2030.
IHCL aims to achieve a revenue of Rs 15,000 crore by fiscal 2030, up from Rs 7,000 crore in fiscal 2024, and increase its hotel count to 700 by fiscal 2030 from 350 hotels in fiscal 2024. It will be constructing two resorts in Lakshadweep, two hotels in Ekta Nagar, Gujarat, two properties in Goa, a 300-key hotel in Shiroda, Maharashtra and a 400-room property in Mumbai. The projects will be funded through internal accruals.
Ready to Master Stock Valuation? ET’s Workshop is just around the corner!
IHCL aims to achieve a revenue of Rs 15,000 crore by fiscal 2030, up from Rs 7,000 crore in fiscal 2024, and increase its hotel count to 700 by fiscal 2030 from 350 hotels in fiscal 2024. It will be constructing two resorts in Lakshadweep, two hotels in Ekta Nagar, Gujarat, two properties in Goa, a 300-key hotel in Shiroda, Maharashtra and a 400-room property in Mumbai. The projects will be funded through internal accruals.
Ready to Master Stock Valuation? ET’s Workshop is just around the corner!
Popular from Business
- N Srinivasan resigns as India Cements vice-chairman and MD, family also tenders resignation
- Building India: One wind turbine at a time
- Ola Electric opens 3,200 stores amid year of consumer complaint woes
- GST of 18% to be levied on sale margin of a car
- Indian IT sector's C-suite churn continues
end of article
Trending Stories
- GST Council's popcorn taxation sparks backlash on social media
- Indian Railways plans centrally heated sleeper train, special Vande Bharat chair car for Kashmir - check features
- Stock market holidays 2025: BSE, NSE release holiday calendar for 2025 - check full list of month-wise stock market holidays
- Japan’s Shinkansen bullet trains to be tweaked for India’s first Mumbai-Ahmedabad high-speed rail corridor - details here
- Stock market today: BSE Sensex surges over 500 points; Nifty50 above 23,750
- GST Council meet key decisions: No GST on bank penal charges, clarity on tax rate on popcorn & more - top announcements
- ITR filing deadline: Don’t miss December 31, 2024 deadline for revised, belated tax returns - here are the consequences
Visual Stories
- 8 study myths holding you back from becoming a topper
- 7 ways reading books can improve your English grammar and language skills
- 9 Things Indian Parents Say About Studies That Every Student Should Listen To
- 8 boring subjects that lead to interesting career options
- 8 reasons smart students prefer mind maps over notes
TOP TRENDS
UP NEXT
Start a Conversation
Post comment