Saboo Sodium Chloro Share Price Rises 6.05% After Forest NOC For Resort Project

Mumbai, March 20: Saboo Sodium Chloro Ltd share price rose 6.05% to ₹12.45 on Friday, compared to its previous close of ₹11.74, after the company announced a key regulatory milestone for its hospitality project.

The stock opened at ₹11.98 and moved higher during the session, touching a high of ₹13.48 before easing slightly, reflecting strong buying interest so far.

Why Saboo Sodium Chloro Share Price Moved

The company has secured the required Forest No Objection Certificate for its proposed 120-room luxury five-star resort project in Jawai, Rajasthan. This approval marks a significant regulatory clearance, allowing the project to move into an advanced pre-construction stage, a company release said under Regulation 30 of SEBI Listing Regulations on March 20, 2026.

According to the company, architectural drawings have already been submitted and the civil contract tendering process is in its final stages. It expects to begin construction within the next two months, subject to remaining approvals and final conversion orders.

Saboo Sodium Chloro Stock Performance Snapshot

Saboo Sodium Chloro share price has shown upward trend in the current session, with the stock gaining over 6% so far.

It traded between ₹11.97 and ₹13.48 so far during the session. The company’s market capitalisation stands at ₹52.31 crore.

The stock’s 52-week high is ₹21.48, while the 52-week low is ₹11.64, indicating that current levels are still near the lower end of its broader range despite the recent uptick.

What This Means For Investors

The Forest NOC represents a key step forward for the company’s diversification into the hospitality segment.

While the project is still in the pre-construction phase, regulatory clearances often act as important triggers, improving visibility on execution timelines.

That said, the financial contribution from the project will depend on construction progress, capital allocation, and eventual operational timelines, which remain ahead.

Broader Market And Sectoral Context

Hospitality and tourism-linked developments, particularly in niche destinations like Jawai, have been gaining traction in recent years.

Projects tied to wildlife tourism and premium experiences have attracted investor interest, especially where regulatory clearances unlock project execution.

In this context, Saboo Sodium Chloro’s announcement aligns with broader trends in experiential tourism development.

About The Company

Saboo Sodium Chloro Limited operates primarily in the chemicals segment, with interests in salt and allied products.

The company has been exploring diversification opportunities, and the proposed luxury resort project marks a strategic move into the hospitality space.

Conclusion

The stock’s sharp rise reflects investor response to the Forest NOC approval, a key milestone for the Jawai resort project.

While the development improves execution visibility, the project remains in early stages.

Source:

• https://www.bseindia.com/stock-share-price/saboo-sodium-chloro-ltd/saboosod/530461/
• https://www.bseindia.com/xml-data/corpfiling/AttachLive/2fddc240-a6da-4543-8619-71e483a543a8.pdf