Latest news with #ChanchalYadav
India.com
a day ago
- Business
- India.com
Masterstroke by Tata Group, plans to take a MASSIVE move, likely to develop 'eco-tourism' resorts in..., shares expected to jump...
New Delhi: With an aim to boost the tourism in Andaman and Nicobar Islands, Tata Group's company — Indian Hotels Company Limited (IHCL) — has shown keen interest in developing 'eco-tourism' resorts at four locations. According to the reports, several other leading hotel companies, including Hyatt Hotels, have also shown interest in the project. Reports further add that these resorts will be built on Neil Island, Aves Island, Long Island, and Smith Island. During the meeting, Chanchal Yadav, Managing Director of NIIDCO, informed that investors were given the opportunity to share suggestions and ask questions. She said, 'Our goal is to make the Andaman and Nicobar Islands a global destination for nature-based and sustainable tourism.' In the first week of September, investors will be taken on a tour of the project sites. Here are some of the key details: This project will be based on the Public-Private Partnership (PPP) model. The administration also plans to redevelop the Megapode Resort in Port Blair in a new format. The Andaman and Nicobar Islands Integrated Development Corporation Limited (ANIIDCO) had invited tenders on July 28. A meeting was held via video conference on August 14, in which companies such as The Leela, Club Mahindra, Hyatt, Ambuja Neotia Hospitality, Chalet Hotels, Juniper Hotels, The Park, Polo Hotels, and the GVK Group participated. Talking about Indian Hotels Company Limited, its share is currently at the level of ₹775. Last Thursday, the stock saw a slight rise. The stock has already touched the level of ₹895, which is its 52-week high. The 52-week low is ₹599.45, which was in August 2024. In June, brokerage firm Jefferies had set a target price of ₹980 for the stock.
Time of India
2 days ago
- Business
- Time of India
Hospitality majors explore developing eco-tourism resorts in Andaman islands
Several top hospitality companies, including IHCL and Hyatt, are vying to develop eco-tourism resorts in the Andaman and Nicobar Islands. The projects, planned on a PPP basis, will include the opening of Aves Island for tourism for the first time. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Top hospitality companies, including Tata group's IHCL and Hyatt Hotels Corp, have shown interest in developing eco-tourism resorts at four locations in Andamans, including the uninhabited Aves Island , which will be opened for tourism for the first time, officials said on eco-tourism properties will be developed on a public-private partnership (PPP) basis at Neil Island, Aves Island, Long Island and Smith Island. Besides, the administration is also looking to redevelop the Megapode Resort in Port Blair, they Andaman & Nicobar Islands Integrated Development Corporation Ltd (ANIIDCO) on July 28 invited bids for developing the resorts on a design, build, finance, operate and transfer basis, they added.A virtual pre-bid meeting was held on August 14, and it was attended by officials of some of the biggest players of the sector, including The Leela, Indian Hotels Company Limited (IHCL), Club Mahindra, Hyatt Hotels Corp, Ambuja Neotia Hospitality, Chalet Hotels Juniper Hotels , The Park, Polo Hotels Ltd and GVK Group, officials said."The pre-bid meeting was organised to provide a platform to the potential investors to share their suggestions and seek clarifications, if any. The discussions covered the entire project life cycle for all the proposed developments," ANIIDCO MD Chanchal Yadav said."The suggestions and queries raised by the participants were suitably clarified. Our aim is to transform the Andaman and Nicobar Islands into a global destination of sustainable and nature-led tourism. I am happy to share that we are planning site visits for the investors during the first week of September," she bidding will take place on September is for the first time that the Aves Island, which is known for its acres of coconut plantation, will be opened for the resort comes up, the administration believes that Aves Island will become the most sought-after destination in the Andamans after Havelock Island . It is close to the Mayabunder town and has live and dead coral flat beds along with a 2-km coastline, making it an ideal destination for campers, officials said.A land parcel of 2.75 hectare is owned by the administration, which will be handed over to ANIIDCO on lease for the development of the project. The property will involve an investment of nearly Rs 36 crore and have 50 rooms, they proposed resort at Lalaji Bay in Long Island would cost about Rs 391 and have 220 rooms. The one at Smith Island would be set up at a cost of Rs 60 crore and have 70 rooms, while the property at Neil Island will be developed at Rs 172 crore and have 120 rooms.
&w=3840&q=100)
Business Standard
2 days ago
- Business
- Business Standard
Top hospitality chains eye eco-tourism resort projects in Andaman islands
Top hospitality companies, including Tata group's IHCL and Hyatt Hotels Corp, have shown interest in developing eco-tourism resorts at four locations in Andamans, including the uninhabited Aves Island, which will be opened for tourism for the first time, officials said on Saturday. The eco-tourism properties will be developed on a public-private partnership (PPP) basis at Neil Island, Aves Island, Long Island and Smith Island. Besides, the administration is also looking to redevelop the Megapode Resort in Port Blair, they said. The Andaman & Nicobar Islands Integrated Development Corporation Ltd (ANIIDCO) on July 28 invited bids for developing the resorts on a design, build, finance, operate and transfer basis, they added. A virtual pre-bid meeting was held on August 14, and it was attended by officials of some of the biggest players of the sector, including The Leela, Indian Hotels Company Limited (IHCL), Club Mahindra, Hyatt Hotels Corp, Ambuja Neotia Hospitality, Chalet Hotels, Juniper Hotels, The Park, Polo Hotels Ltd and GVK Group, officials said. "The pre-bid meeting was organised to provide a platform to the potential investors to share their suggestions and seek clarifications, if any. The discussions covered the entire project life cycle for all the proposed developments," ANIIDCO MD Chanchal Yadav said. "The suggestions and queries raised by the participants were suitably clarified. Our aim is to transform the Andaman and Nicobar Islands into a global destination of sustainable and nature-led tourism. I am happy to share that we are planning site visits for the investors during the first week of September," she added. The bidding will take place on September 15. It is for the first time that the Aves Island, which is known for its acres of coconut plantation, will be opened for tourism. After the resort comes up, the administration believes that Aves Island will become the most sought-after destination in the Andamans after Havelock Island. It is close to the Mayabunder town and has live and dead coral flat beds along with a 2-km coastline, making it an ideal destination for campers, officials said. A land parcel of 2.75 hectare is owned by the administration, which will be handed over to ANIIDCO on lease for the development of the project. The property will involve an investment of nearly Rs 36 crore and have 50 rooms, they said. The proposed resort at Lalaji Bay in Long Island would cost about Rs 391 and have 220 rooms. The one at Smith Island would be set up at a cost of Rs 60 crore and have 70 rooms, while the property at Neil Island will be developed at Rs 172 crore and have 120 rooms. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
News18
2 days ago
- Business
- News18
Hospitality majors explore developing eco-tourism resorts in Andaman islands
Port Blair, Aug 16 (PTI) Top hospitality companies, including Tata group's IHCL and Hyatt Hotels Corp, have shown interest in developing eco-tourism resorts at four locations in Andamans, including the uninhabited Aves Island, which will be opened for tourism for the first time, officials said on Saturday. The eco-tourism properties will be developed on a public-private partnership (PPP) basis at Neil Island, Aves Island, Long Island and Smith Island. Besides, the administration is also looking to redevelop the Megapode Resort in Port Blair, they said. The Andaman & Nicobar Islands Integrated Development Corporation Ltd (ANIIDCO) on July 28 invited bids for developing the resorts on a design, build, finance, operate and transfer basis, they added. A virtual pre-bid meeting was held on August 14, and it was attended by officials of some of the biggest players of the sector, including The Leela, Indian Hotels Company Limited (IHCL), Club Mahindra, Hyatt Hotels Corp, Ambuja Neotia Hospitality, Chalet Hotels, Juniper Hotels, The Park, Polo Hotels Ltd and GVK Group, officials said. 'The pre-bid meeting was organised to provide a platform to the potential investors to share their suggestions and seek clarifications, if any. The discussions covered the entire project life cycle for all the proposed developments," ANIIDCO MD Chanchal Yadav said. 'The suggestions and queries raised by the participants were suitably clarified. Our aim is to transform the Andaman and Nicobar Islands into a global destination of sustainable and nature-led tourism. I am happy to share that we are planning site visits for the investors during the first week of September," she added. The bidding will take place on September 15. It is for the first time that the Aves Island, which is known for its acres of coconut plantation, will be opened for tourism. After the resort comes up, the administration believes that Aves Island will become the most sought-after destination in the Andamans after Havelock Island. It is close to the Mayabunder town and has live and dead coral flat beds along with a 2-km coastline, making it an ideal destination for campers, officials said. A land parcel of 2.75 hectare is owned by the administration, which will be handed over to ANIIDCO on lease for the development of the project. The property will involve an investment of nearly Rs 36 crore and have 50 rooms, they said. The proposed resort at Lalaji Bay in Long Island would cost about Rs 391 and have 220 rooms. The one at Smith Island would be set up at a cost of Rs 60 crore and have 70 rooms, while the property at Neil Island will be developed at Rs 172 crore and have 120 rooms. PTI SN SN SOM view comments First Published: August 16, 2025, 17:15 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
