KCP, for its hotel project which is under construction at Somajiguda in Hyderabad, has entered into agreements with AAPC India Hotel Management, Gurgaon for provision of technical services and for the management of the proposed Hotel for a period of fifteen years.
AAPC India Hotel Management is part of and represents in India, the international chain of Hotels operating with various brands under ACCOR group. The proposed Hotel at Hyderabad is expected to be operated by AAPC India Hotel Management under the MERCURE brand which is globally categorised as a four star Business Hotel.
Further, the Hotel being set up at an estimated cost of about Rs 64 crore and funded with a mix of term loan of Rs 45 crore and Rs 19 crore from internal generations is expected to be commissioned in the middle of 2013.
KCP is a diversified business group with interests in heavy engineering, sugar, cement, hydel power, information technology and biotechnology. KCP's cement division has a state-of-the-art cement manufacturing plant at Macherla in Andhra Pradesh.
| Company Name | CMP |
|---|---|
| Ultratech Cement | 11887.30 |
| Ambuja Cement | 458.95 |
| ACC | 1431.85 |
| Shree Cement | 25301.95 |
| Dalmia Bharat | 1972.55 |
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