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Last 195.10 INR
Change Today -5.40 / -2.69%
Volume 13.1K
ITDC On Other Exchanges
As of 6:19 AM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

india tourism development (ITDC) Snapshot

Previous Close
Day High
Day Low
52 Week High
06/11/15 - 330.20
52 Week Low
03/27/15 - 108.50
Market Cap
Average Volume 10 Days
Shares Outstanding
Dividend Yield

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india tourism development (ITDC) Details

India Tourism Development Corporation Limited operates hotels and restaurants for tourists in India. The company’s Hotels division constructs and manages hotels. This division operates a network of eight Ashok Group of Hotels, five joint venture hotels, and one restaurant, as well as manages a hotel at Bharatpur; and a restaurant at Kosi. Its Ashok Creatives division offers various publicity and advertising services; and tourism promotion services. The company’s Ashok International Trade division operates nine duty free shops at international airports and seaports. Its Ashok Travels & Tours division provides various travel related services; and attractive packages for inbound and outbound tourist customers, as well as operates online travel portal. The company’s Ashok Institute of Hospitality & Tourism Management division offers training and education services, such as bachelor’s degree, diploma courses, skill development and residential training programs, and on-the-job and apprenticeship training in the field of tourism and hospitality. Its Ashok Consultancy & Engineering division provides engineering technical services; management consultancy and advisory services; and consultancy services for adventure tourism sector, as well as prepares techno-economic feasibility reports. This division also implements sound and light shows. The company’s Ashok Events Division manages events, conferences, and exhibitions in India and internationally. It also produces, distributes, and sells tourist publicity literature material; and manages catering services at Western Court, Vigyan Bhawan, and Hyderabad House, New Delhi. In addition, the company operates 11 transport units; and 1 tourist service station. India Tourism Development Corporation Limited was incorporated in 1965 and is based in New Delhi, India.

Founded in 1965

india tourism development (ITDC) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

india tourism development (ITDC) Key Developments

Government To Privatize Stake In 8 ITDC Hotels

Government has hired consultancy firm Ernst&Young (EY) to select bidders for managing eight loss making hotels run by India Tourism Development Corp., Ltd. (BSE:532189) (IDTC). "It is only (transfer of) management to the best bidder," the official said when asked whether the government is planning to sell the eight hotels. "EY will do the valuation. The process will start next month," the official told PTI. The Ashok, the flagship property of ITDC in the capital, alone incurred a loss of about INR 130 million in 2014-2015. However, the government has ruled out the possibility of selling it off. Sources said that there will not be any outright sale of ITDC hotels and they would be handed over to the best bidders on management contract basis.

Government Of India Is Planning To Divest Stakes in 10 PSUs

The Government of India is planning to divest stakes worth INR 424.4 billion in ten public sector companies in 2015-2016. Only Deutsche Bank AG (DB:DBK) has shown interest in disinvestment mandate. The government has divided 10 companies into two baskets of five companies each and bankers selected for one basket will have to handle all the five companies in it. Oil India Limited (NSEI:OIL) (INR 26.8 billion), Container Corporation of India Ltd. (NSEI:CONCOR) (INR 15.9 billion), NMDC Limited (BSE:526371) (INR 45.1 billion), MMTC Ltd. (BSE:513377) (INR 6.9 billion) and India Tourism Development Corp., Ltd. (BSE:532189) (INR 2.1 billion) are in the first basket while NTPC Ltd. (NSEI:NTPC) (INR 56.9 billion), Engineers India Limited (BSE:532178) (INR 238 billion), Bharat Electronics Limited (BSE:500049) (INR 14.7 billion), National Aluminium Co. Ltd. (BSE:532234) (INR 9.6 billion) and Hindustan Copper Ltd. (BSE:513599) (INR 8.3 billion) are in the second basket.

Department of Disinvestment of India Mulls Disinvestment In 10 PSU’s

The Department of Disinvestment of India is seeking to sell stakes in 10 PSU’s. Department of Disinvestment plans to sell stake in 10 PSUs, including NTPC Ltd. (NSEI:NTPC), Oil and Natural Gas Corp. Ltd. (NSEI:ONGC) and National Aluminium Co. Ltd. (BSE:532234), within three years, the government has informed merchant bankers that the completion of the entire process would actually depend on market conditions. The Department of Disinvestment is in the process of appointing merchant bankers for stake sale in 10 state-owned companies -- Oil India Limited (NSEI:OIL), Container Corporation of India Ltd. (NSEI:CONCOR), NMDC Limited (BSE:526371), MMTC Ltd. (BSE:513377), India Tourism Development Corp., Ltd. (BSE:532189), NTPC Ltd. (NSEI:NTPC), Engineers India Limited (BSE:532178), Bharat Electronics Limited (BSE:500049), National Aluminium Co. Ltd. (BSE:532234) and Hindustan Copper Ltd. (BSE:513599). The stake sale could fetch about INR 200 billion to the exchequer. "The market and other related conditions will determine transaction completion time," DoD has told the merchant bankers to their query whether all the transactions would be completed in three years. The 10 companies have been divided into two baskets. The merchant bankers have to submit their bids to DoD by July 24, 2015.


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