Board Meeting12 Nov 2026, 07:11 pm
EIH Ltd Approves ₹777 Cr Hyderabad Hotel Project
AI Summary
EIH Ltd's Board of Directors has approved the construction of a new five-star deluxe hotel, Trident, near Shamshabad Airport in Hyderabad. The project, estimated to cost ₹777 crores, will be built on an 8.89-acre site owned by the company. The hotel is planned to be operational by September 2030 and will cater to both domestic and international travelers. Financing for the project will come from internal accruals and debt. This expansion is part of EIH Ltd's strategy to grow its presence in the domestic tourism sector.
Key Highlights
- Board approves construction of Trident Hotel in Hyderabad.
- Estimated investment for the project is ₹777 crores.
- Hotel to be operational by September 2030.
- Financing via internal accruals and debt.
- Expansion aligns with domestic tourism growth strategy.
Price Impact
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