Advani Hotels & Resorts India Ltd approves Rs. 20 crores expansion

The Board of Directors of Advani Hotels & Resorts (India) Limited at its meeting held today i.e. February 25, 2023, considered and approved the proposal for construction of Banquet Hall Facility of approximately 22,000 square feet of which the Banquet Hall itself will be of approximately 7,500 square feet plus an adjoining Swimming Pool, Porte Cochère and Function Lawn, etc. based on the feasibility report from Crowe Horwath HTL Consultants Pvt. Ltd. with a projected outlay of approximately Rs. 20 Crores, subject to obtaining the necessary approvals.

The Hotel currently has one Banquet Hall with a covered area of approximately 3,200 square feet and one swimming pool.

Shares of Advani Hotels & Resorts (India) Limited was last trading in BSE at Rs. 70.80 as compared to the previous close of Rs. 70.75. The total number of shares traded during the day was 2399 in over 47 trades.

The stock hit an intraday high of Rs. 71.35 and intraday low of 70.75. The net turnover during the day was Rs. 170287.00.

Source : Equity Bulls

Keywords

AdvaniHotelsandResortsIndia INE199C01026 Expansion BanquetHall SwimmingPool FunctionLawn