Bhagwati Banquets eyes revenue from Surat proj

New Delhi, June 8: Bhagwati Banquets and Hotels Ltd today said it expected an additional revenue of Rs 50 crore from the first year of operations at its hotel project in Surat with operational profit of Rs 15 crore.

''The construction for the 100-room five star Hotel and Convention project is on,'' it said in a statement.

The company plans to put up five star hotels and convention centres across the country, starting with tier-II and tier-III cities.

It also owns and manages a 37-room three-star category Banquet Hotel 'The Grand Bhagwati' at Ahmedabad.

UNI