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Tata Group-owned IHCL signs 20 hotels in Q1, says poised to achieve 700-hotel portfolio by 2030
Indian Hotels Company Ltd signed twenty new hotels during the first quarter. The company is well poised to reach seven hundred hotels by the year 2030. Seventeen of these signings focused on growth brands like Gateway and Ginger. Taj also reached a milestone of one hundred fifty hotels with three new signings. IHCL expanded its operating portfolio to over three hundred eighty hotels globally.
Tata Group-owned IHCL to invest Rs 6,000-7,500 crore in capex over five years: Chandrasekaran
Indian Hotels Company Limited (IHCL) is set to invest between Rs 6,000 crore and Rs 7,500 crore in capital expenditure over the next five years. Tata Group Chairman N Chandrasekaran revealed this at the company's AGM, highlighting plans for the upcoming 50-floor, 500-room Taj Bandstand in Mumbai, a project expected to cost around Rs 2,000 crore and become an iconic landmark.
Taj GVK Hotels to exit Nifty India Corporate Group Index - Tata Group
According to a decision taken by the Index Maintenance Sub-Committee (Equity) of NSE Indices, Taj GVK Hotels & Resorts will be removed from the index. No replacement stock will be added following the exclusion.