ITC inks pact to obtain land for setting up hotel in Sri Lanka

21 Mar 2012 Evaluate

Diversified conglomerate, ITC reportedly has signed an agreement to obtain land to set up a luxury hotel at Colombo in Sri Lanka.

Earlier, the company had purchased a six-acre defence headquarters property on the prime Galle Face area at a cost of $125 million for the Colombo project which will feature a high-end mall, apartments, and 650 rooms. The construction cost is projected to be about $300 million.

ITC, a diversified conglomerate has business interests in cigarettes, hotels, paperboards and specialty papers, packaging, agri-business, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products. 

ITC Share Price

469.15 4.55 (0.98%)
23-Dec-2024 09:15 View Price Chart
Peers
Company Name CMP
ITC 469.15
Godfrey Phillips 5424.45
VST Industries 338.05
The Indian Wood Pro. 56.87
Golden Tobacco 39.83
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