Saboo Sodium Chloro Ltd (SSCL) has signed multiple Memorandums of Understanding (MoUs) with the Rajasthan government to develop hospitality projects, marking a significant diversification for the salt manufacturer.
The shares of Saboo Sodium Chloro Ltd (SSCL) were trading at ₹27.34, up by ₹1.30 or 4.99per cent on the NSE today at 12:15 pm.
The company has directly committed to two resort projects: a ₹400 crore Samskara Resort in Udaipur and an ₹85 crore resort in Jodhpur. Through its associate firm Villashare Tech Pvt Ltd, in which SSCL holds a 20 per cent stake, the company has additional investments of ₹425 crore, including a ₹75 crore resort in Sawai Madhopur and a ₹350 crore Crown Plaza Hotel in Jaipur.
The projects are expected to generate substantial employment, with the SSCL-led initiatives promising 550 direct jobs and the Villashare projects creating 300 direct employment opportunities. Both are slated for completion by 2026-2027.
The Rajasthan government is offering significant financial incentives, including a capital subsidy of up to 20 per cent of eligible fixed capital investment, 100 per cent exemption from stamp duty and electricity duty for seven years, and additional sector-specific boosters. SSCL estimates total savings over the 10-year subsidy period could exceed ₹150 crore.
These investments align with the state’s ‘Rising Rajasthan 2024’ initiative, positioning the company to leverage government support in expanding Rajasthan’s hospitality infrastructure.
