SSCL acquires 6070 Square Meters of Additional Land in Udaipur, Expanding 'Samskara Udaipur' Landholding to Approximately 29370 Square Meters

Saboo Sodium Chloro Limited (SSCL, "Company") is pleased to announce that its wholly owned subsidiary, Samskara Resorts Private Limited, has acquired 6,070 square meters of land in Udaipur, adjoining the earlier acquired parcel of 23,300 square meters for Samskara Udaipur. With this acquisition, the aggregate landholding for Samskara Udaipur now stands at approximately 29,370 square meters (about 7.26 acres), creating a large development site for one of the Company's flagship luxury hospitality projects.

This marks the Company's 4th land acquisition in the past 12 months, following earlier acquisitions in Jawai, Udaipur and Tadoba, and further strengthens SSCL's growing pipeline of fully owned luxury hospitality developments.

The Company is developing Samskara Udaipur as a palace-style luxury hotel project with, now, upto 350 rooms, along with signature restaurants, premium event and banqueting spaces, wellness and recreation facilities, and other high-end hospitality offerings. The property is located strategically near Udaipur International Airport and Taj Lalit Bagh.

The enlarged land parcel significantly enhances the scale, layout flexibility, design potential and long-term value of Samskara Udaipur, which is being envisioned as a landmark hospitality destination in Rajasthan. Samskara Udaipur will be one of the largest properties in the region by room count.

Shares of SABOO SODIUM CHLORO LTD. was last trading in BSE at Rs. 12.20 as compared to the previous close of Rs. 12.26. The total number of shares traded during the day was 19206 in over 84 trades.

The stock hit an intraday high of Rs. 12.48 and intraday low of 11.90. The net turnover during the day was Rs. 233069.00.

Source : Equity Bulls

Keywords

SABOOSODIUMCHLORO INE440C01016 SSCL Acquisition AdditionalLand SamskaraUdaipur