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ITC’s arm signs four individual operating agreements

15 Dec 2020 Evaluate

ITC’s subsidiary company -- Fortune Park Hotels has signed four individual operating agreements for a hotel each at Candolim in Goa, Deoghar in Jharkhand, Haldwani in Uttarakhand and Tirupur in Tamil Nadu. With these agreements, Fortune Hotels has expanded its presence in the country, adding more depth to its business and leisure portfolio.

While Fortune Select, Candolim will have an inventory of over 100 rooms, Fortune Park, Deoghar will have 100 rooms. Fortune Park, Tirupur will have 62 rooms.

ITC has business a interests in cigarettes, hotels, paperboards and specialty papers, packaging, agribusiness, packaged foods and confectionery, information technology, branded apparel, personal care, stationery, safety matches and other FMCG products.

Peers
Company Name CMP
ITC 268.55
Godfrey Phillips Ind 1875.00
VST Industries 200.95
Indian Wood Products 38.67
NTC Industries 137.00
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