Hot Pursuit     29-Mar-24
EIH gets approval for construction of resort in Goa
EIH announced that its board has approved the construction of an Oberoi Luxury Resort at Cavelossim Beach in South Goa with an investment of Rs 421 crore.
The luxury resort will have 90 rooms & suites catering to domestic and international travelers on a 52 acres site owned by the company.

The estimated investment for the project is Rs 421 crore and the resort is expected to be operational from 1 October 2027.

The company stated that it has further entered into a hotel management agreement for a second project as a luxurious Oberoi Resort at Bogmalo Beach in South Goa.

EIH owns and operates an exceptional portfolio of hotels and resorts under the prestigious 'Oberoi' and 'Trident' brands in India and abroad.

The company’s consolidated net profit jumped 52.2% to Rs 229.94 crore on 26.41% increase in revenue from operations to Rs 741.26 crore in Q3 FY24 over Q3 FY23.

The scrip rose 2.19% to end at Rs 448.80 on Thursday, 28 March 2024. The domestic market is closed today, on account of Good Friday.

Previous News
  Volumes jump at EIH Ltd counter
 ( Hot Pursuit - 07-Aug-24   11:00 )
  EIH consolidated net profit declines 11.15% in the June 2024 quarter
 ( Results - Announcements 07-Aug-24   07:35 )
  EIH to hold board meeting
 ( Corporate News - 27-Jul-24   10:29 )
  EIH to convene AGM
 ( Corporate News - 13-Jul-24   12:47 )
  EIH CFO Kallol Kundu resigns
 ( Hot Pursuit - 22-Jun-24   14:20 )
  EIH announces resignation of CFO
 ( Corporate News - 22-Jun-24   12:57 )
  EIH
 ( Results - Analysis 29-May-24   10:12 )
  Board of EIH recommends final dividend
 ( Corporate News - 29-May-24   09:52 )
  EIH consolidated net profit rises 164.23% in the March 2024 quarter
 ( Results - Announcements 29-May-24   07:38 )
  EIH to hold board meeting
 ( Corporate News - 18-May-24   15:52 )
  EIH spurts as board OKs for resort construction in Goa
 ( Hot Pursuit - 01-Apr-24   10:57 )
Other Stories
  Sharda Cropchem Ltd Spikes 7.83%
  05-Nov-24   09:30
  Prestige Estates Projects Ltd Slides 1.06%
  05-Nov-24   09:30
  Sandur Manganese to acquire additional 20% stake in ASPL
  05-Nov-24   08:45
  SPARC drops as Q2 net loss widens to Rs 107 crore
  04-Nov-24   17:01
  Tube Investments ends lower after Q2 PAT drops over 18% YoY even as revenue rises
  04-Nov-24   15:48
  IRFC Q2 PAT rises 4% YoY to Rs 1,612 cr
  04-Nov-24   15:42
  Exide Inds Q2 PAT rises 4% YoY to Rs 298 crore
  04-Nov-24   15:17
  Poly Medicure Ltd leads losers in 'A' group
  04-Nov-24   15:00
  Hatsun Agro Product slips as Q2 PAT slides 17% YoY to Rs 64 cr
  04-Nov-24   14:51
  Prudent Corporate Advisory Services Ltd leads losers in 'B' group
  04-Nov-24   14:45
Back Top