Aruna Hotels Share Price

Aruna Hotels Limited was erstwhile incorporated as Aruna Sunrise Hotels Limited in September 1960, which had diversified its presence in Sugar, Hotels and Chemicals. The main activities of the Company are to carry on the business of developing, owning, acquiring, renovating, operating, managing and promoting hotels, restaurants etc. Name of the Company was changed from Aruna Sunrise Hotels Limited to Aruna Hotels Limited on 6 February, 2007. The company had undertaken restructuring exercise and divested Sugar unit, flour mill and Alum unit(Chemicals unit) thus leaving the company with only Hotel business.The company 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 mixedfuel cogeneration plant, using a combination of bagasse and lignite, was set up at a cost of Rs 50 cr. The 16x2MW project was completed in two stages and became operational in Sep.96 for which lignite was purchased from Neyveli Lignite Corporation. The companys 60klpd 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 effluenttreatment plant. Against the installed annual capacity of 12,500 kl of alcohol, production was only 4206 kl in 199495. 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 its Alum Unit at Ranipet, which is manufacturing Ferric and NonFerric Alum, to a wholly owned subsidiary.The company hived off the Hotel Undertaking of the company during January 2005 to Aruna Hotels Pvt Ltd which is a subsidiary of the company.The Hotel resumed operations in September 2010 with 40 rooms during 201011. The Hotel was operational with 79 rooms in FY 201415. Later in 2023, the Company started its hotel operations under the name of Pharos Hotels a unit of Aruna Hotels Limited effective from November 30, 2022. Pharos is a businessclass hotel with 82 rooms, including five suite rooms. The hotel houses popular restaurant Vivaga Bhojanambu, A 24hour Coffee Shop and Bar to cater to guests needs.