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Mr. Ratan Tata |
IHCL runs the Taj brand in the luxury 5 star hotel, the Vivanta brand in the 4 star hotel, Gateway Hotels in the 3 star hotel and Ginger in the budget hotel.
Mr. Ratan Tata, said ,'' The Taj Sea Rock in Mumbai is likely to be completed by 2014 and the Taj Exotica that is coming up in Andaman Island is likely to be ready by 2013.""
IHCL acquired 85% of shares in ELEL Hotels and Investments, which owns the property on which Sea Rock Hotel is built in southern Bandra.
Q1 net rises to Rs 20.3 crore
Indian Hotels Company Ltd posted a net profit of Rs 20.31 crore (Rs 3.33 crore) for the quarter ended June 30, 2011.IHCL also reported a 12% increase in its income from operations to Rs 369.54 crore (Rs 328.74 crore).
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