89.74 0.73(0.82%)
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Oriental Hotels Limited (OHL) was incorporated in year 1970 to establish and run world class hotels. Taj Coromandel was the first hospitality project of OHL. OHL's hotels are marketed as part of the Taj Group of Hotels. Over a period of time, OHL has established itself as a very reliable and steadily growing Hotel Company and has expanded its operations significantly. Presently the Company is engaged in the business of owning & managing hotels and resorts. It operate seven hotels under the IHCL brands of Taj, SeleQtions and Vivanta with an inventory of 825 rooms which includes 59 suites, and employ around 1200 people. Promoted by the Reddy Group of South India, Oriental Hotels entered into a technical assistance and operating contract with the Indian Hotels Company (IHC). Taj Coromandel, the flagship hotel, was inaugurated in 1974. In 1975, the entire hotel was functioning with 224 guest rooms. In 1985, the company signed an agreement with Covelong Beach Hotels (India) to operate their Fisherman's Cove Beach Resort in Madras. It also signed an operating contract for the Emboodhu Finolhu Island Resort, Maldives.In 1985, the company took on lease, the Malabar Hotel at Cochin which was extensively renovated and opened to guests in 1986. In 1988-89, the company entered into ...