EIH Limited to construct Oberoi Luxury Resort at Cavelossim Beach, South Goa

The board of directors of EIH Limited has approved the construction of an Oberoi Luxury Resort at Cavelossim Beach in South Goa on a 52 acres site owned by the Company.

The Luxury Resort will have 90 rooms & suites to cater to the Domestic and International travelers.

The investment of Rs. 421 crores for the above project will be raised through internal accrual and debt.

The resort to be operational from 1st October 2027.

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

Shares of EIH Limited was last trading in BSE at Rs. 448.80 as compared to the previous close of Rs. 439.20. The total number of shares traded during the day was 44326 in over 2124 trades.

The stock hit an intraday high of Rs. 473.65 and intraday low of 440.00. The net turnover during the day was Rs. 20383858.00.

Source : Equity Bulls

Keywords

EIH INE230A01023 OberoiLuxuryResort CavelossimBeach SouthGoa