Mahindra Holidays & Resorts has signed an MOU with the government of Uttarakhand to invest Rs 1000 crore in building four to five resorts over the next few years in the state. The company aims to become a strategic partner of the state and expand its key count from 5000 to 10,000 by 2030.
Mahindra Holidays to invest ₹1000 crore in Uttarakhand - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
Leisure hospitality company Mahindra Holidays & Resorts (MHRIL) on Thursday said it has inked an agreement with the Uttarakhand government to invest Rs 1,000 crore and build 4-5 large marquee resorts over the next few years in the state.
This is the company’s biggest investment in any state
​Having said that even at a financial metrics level on standalone this quarter turned out to be the best ever quarter for us in terms of the income which grew by about 17% at about Rs 355 crores if you exclude the one-offs as well as the EBITDA which crossed Rs 100 crores mark which grew by about 19% and as well as the PBT which was up by 19%.
Mahindra Holidays & Resorts Reports 17% Jump In Total Income In Q1FY24 freepressjournal.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freepressjournal.in Daily Mail and Mail on Sunday newspapers.