Tatas for major expansion in Goa, set to pump in Rs 300 crore

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Indian Hotels Company Limited(IHCL), the hospitality arm of theTata Group, has prepared a robust expansion roadmap for Goa, and intends to invest around Rs 300 crore in new properties in the state. The company is looking to add to its

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existing portfolio of 23hotels in Goaby opening up several new resorts over the next two to three years.

Among the new projects IHCL intends to set up is a super luxury dream project at the Fort Aguada and Taj Holiday Village, Sinquerim.

In 2021-22, amidst the pandemic, IHCL raked in a profit of Rs 160 crore just from Goa. The state contributed 45% to IHCLs topline in 2021-22, but going forward, this is expected to settle at around 40%.