Gammon India + Wyndham hotels in Alliance in India
Thursday, August 30, 2007
Mumbai-based construction firm Gammon India is reportedly entering the hospitality sector by forming an alliance with the US-based Wyndham Hotel Group International, Inc., to develop affordable or budget hotels. The Wyndham Group, which runs more than 6,500 hotels under 10 brands in six continents, is one of the largest hospitality companies in the world.Gammon India is a Large Scale Infrastructure development company. Net profit of Gammon India rose 87.57% to Rs 28.53 crore on a 30.97% rise in sales to Rs 540.31 crore in Q1 June 2007 over Q1 June 2006.
Recent Corporate Earnings / Breaking News
- Puravankara Projects Debuts at 8% Discount
- KLG Syetel Bags Order from Rajasthan Govt
- Abbott India to Buy Back Shares
- Infotech Enterprises Alliance With Boeing
- Elder Pharma Acquires Biomeda in Bulgaria
- Firstsource Solutions acquires MedAssist
- Blackstone to invest in Nagarjuna Constructions
- Exide Industries Rights Issue + Modern Dairies Bon...
- RBI Unhappy over iCICI bank Holding Company Struct...
- Centurion Bank of Punjab merger of Lord Krishna Ba...
