Encalm looks beyond airport lounges to build ₹5,000 crore hospitality business
A infrastructure development with market-wide reach.
· LiveMint Companies
Airport hospitality currently generates about 90% of Encalm’s revenue, but the company is pursuing hotels in Delhi and Chennai, highway motels and growth in catering and restaurants. The expansion also marks an attempt to reduce its dependence on airports operated by the GMR Group.
The analysis
Infra spending is both an economic-cycle signal and a direct order pipeline for capital-goods names.
Market context
- Sector exposure: Hotels & Restaurants.
- The immediate tone of coverage reads positive.
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