Saboo Sodium Chloro Ltd's associate firm enters MoUs worth Rs. 425 Crores for Hospitality Projects with Rajasthan Government

Saboo Sodium Chloro Limited (SSCL) is proud to announce that our associate firm, Villashare Tech Private Limited (VSTL), in which SSCL holds a 20% equity stake, has signed two significant Memorandums of Understanding (MoUs) with the Government of Rajasthan for developing hospitality projects under the prestigious 'Rising Rajasthan 2024' summit. The details of the projects are as follows:

1. 5 Star Resort in Sawai Madhopur

- Location: Sawai Madhopur, Rajasthan
- Proposed Investment: 75 crore
- Direct Employment Opportunities: 100
- Expected Year of Operations: 2026
- The resort aims to offer a luxury retreat for travelers visiting the Ranthambore National Park and its surrounding heritage attractions.

2. Crown Plaza Hotel in Sanganer, Jaipur

- Location: Jaipur (Sanganer), Rajasthan
- Proposed Investment: Rs. 350 crore
- Direct Employment Opportunities: 200
- Expected Year of Operations: 2026
- This project is envisioned to elevate Jaipur''s status as a global tourism hub by introducing a world-class hospitality experience.

These agreements reflect Villashare Tech Private Limited's commitment to the sustainable development of Rajasthan's hospitality sector, supported by the Government of Rajasthan's facilitative policies. The state government has pledged to assist in obtaining necessary permissions and clearances to ensure the timely execution of these projects.

Shares of SABOO SODIUM CHLORO LTD. was last trading in BSE at Rs. 26.04 as compared to the previous close of Rs. 24.90. The total number of shares traded during the day was 46224 in over 191 trades.

The stock hit an intraday high of Rs. 26.14 and intraday low of 24.60. The net turnover during the day was Rs. 1189962.00.

Source : Equity Bulls

Keywords

SABOOSODIUMCHLORO INE440C01016 VillashareTech MoUs RajasthanGovernment RisingRajasthan2024