ET 20-Oct Tata Group firm Indian Hotels plans to go ahead with its Rs 500-crore investment programme over the next two years despite a possible slowdow n in the hospitality sector, a top company executive said on Monday.
"We had planned an aggregate investment of Rs 1,300 crore. We have spent Rs 800 crore and the rest would be invested in the next two years," Indian Hotels Managing Director Raymond N Bickson told reporters here. The company would be opening two new hotels in Bangalore and Chennai. "Work is underway on other projects, which will sequentially come on-stream," Bickson said. The company has introduced an aggressive cost-reduction programme to protect its operating margins, he said. For all your stock queries mail us at [EMAIL PROTECTED] check if it's already answered at http://groups.google.co.in/group/india-investor-forum/web/investors-stock-queries For all result updates visit http://groups.google.co.in/group/india-investor-forum/web/results-update-q2fy09 For recent brockerage reports http://groups.google.co.in/group/india-investor-forum/web/recent-brockerage-reports Also check out http://groups.google.co.in/group/india-investor-forum/web/where-will-nifty-bottom http://groups.google.co.in/group/india-investor-forum/web/investors-guide Thanks Adi Shah http://groups.google.co.in/group/india-investor-forum --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [EMAIL PROTECTED] For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en -~----------~----~----~----~------~----~------~--~---
