Saboo Sodium Chloro touches roof on entering into strategic partnership with Dusit Thani
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Saboo Sodium Chloro is currently trading at its upper circuit limit of Rs. 18.87, up by 0.89 points or 4.95% from its previous closing of Rs. 17.98 on the BSE.
The scrip opened at Rs. 18.34 and has touched a high and low of Rs. 18.87 and Rs. 18.19 respectively. So far 252423 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 24.40 on 21-Aug-2023 and a 52 week low of Rs. 13.65 on 16-Feb-2023.
Last one week high and low of the scrip stood at Rs. 19.17 and Rs. 17.52 respectively. The current market cap of the company is Rs. 78.99 crore.
The promoters holding in the company stood at 48.59%, while Institutions and Non-Institutions held 0.08% and 51.33% respectively.
Saboo Sodium Chloro has entered into a strategic partnership with Dusit Thani, a prominent hospitality leader in Thailand and Southeast Asia, for the establishment of a resort in Jaipur, Rajasthan. The project involves the development of 350 villas or 700 guest rooms, complemented by comprehensive wellness facilities.
The necessary land for this ambitious venture has already been acquired. This significant milestone marks a substantial expansion for the company within the flourishing Sunrise hospitality sector.
Saboo Sodium Chloro is North India’s first and the largest fully integrated Salt Refinery, using the latest technologies available in the world, to refine salt to a very high degree of purity.
