Mumbai: The Benares Hotels Limited (BHL), a subsidiary of The Indian Hotels Company Limited (IHCL), reported its financials for the second quarter and half year ending September 30, 2018.
Dr. Anant Narain Singh, Chairman, The Benares Hotels Limited (BHL) said, “The company has delivered a remarkable performance for the second quarter as well as for the first half of the current financial year. The Gateway Hotel Ganges Varanasi has been completely renovated and I am confident that this will enhance profitability and revenues.”
The proposed dividend of 150 per cent was approved at the company’s Annual General Meeting held in August 2018 and disbursed to its shareholders in September 2018. The hotel started a phased renovation in 2017/18. Forty rooms, the Lobby and Tea Lounge are currently under renovation and will be ready by November 2018.
The Benares Hotels Limited (BHL) is a listed public limited company incorporated in 1971.