You are here » Home » Companies » Company Overview » Aruna Hotels Ltd

Aruna Hotels Ltd.

BSE: 500016 Sector: Services
NSE: ARUNASUGAR ISIN Code: INE957C01019
BSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
NSE LIVE 05:30 | 01 Jan Stock Is Not Traded.
OPEN
PREVIOUS CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr)
Buy Price
Buy Qty
Sell Price
Sell Qty
OPEN
CLOSE
VOLUME
52-Week high 0.00
52-Week low 0.00
P/E
Mkt Cap.(Rs cr)
Buy Price
Buy Qty
Sell Price
Sell Qty

Aruna Hotels Ltd. (ARUNASUGAR) - Company History

Aruna Hotels Ltd(formerly Aruna Sugars & Enterprises Ltd), promoted by Dr.Maruthai Pillai in September 1960 had diversified presence in Sugar, Hotels and Chemicals. The company has undertaken restructuring exercise and divested Sugar unit, flour mill and Alum unit(Chemicals unit) thus leaving the company with only Hotel business. The company has set up a discotheque and bar which has become very popular.To increase the efficiency of the hotel division it has set up a discotheque & bar which has become very popular. It has proposed to set up the additional facilities like health club, specialty restaurnt and business centre. To improve the efficiency and quality in the chemical plant the company has taken up revamping of plants in phases. The company as a restructuring excercise divested in the sugar mill (crushing capacity : 5000 tcd of cane) which was one of the largest in Tamilnadu. The mixed-fuel co-generation plant, using a combination of bagasse and lignite, was set up at a cost of Rs 50 cr. The 16x2-MW project was completed in two stages and became operational in Sep.'96 for which lignite was purchased from Neyveli Lignite Corporation. The company's 60-klpd distillery suffered a cost overrun of Rs 1.50 cr over the projected cost of Rs 16.5 cr, on account of changes in the design of the effluent-treatment plant. Against the installed annual capacity of 12,500 kl of alcohol, production was only 4206 kl in 1994-95. Following recurring losses, the flour mill was sold in Apr.'95 for Rs 75 lac. Its international division has temporarily suspended operations due to the recession in the overseas leather market. The company has hived off it's Alum Unit at Ranipet, which is manufacturing Ferric and Non-Ferric Alum, to a wholy owned subsidiary. The company has hived off the Hotel Undertaking of the company during January 2005 to Aruna Hotels Pvt Ltd which is a subsidiary of the company.

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard