Rajasthan State Industrial Development & Investment Corporation (RIICO) has cleared a hotel project in Jaipur and a billet manufacturing unit at Dholpur, together worth Rs. 61.80 crores. The projects were cleared by the Industrial Committee of the Board of Directors of the Corporation.
RIICO managing director Rajendra Bhanawat said a term loan of Rs. 31.68 crores has been sanctioned for the projects that would provide employment to 212 persons, he said.
For the 76-room hotel project, by Adinath Buildcon Private Limited, RIICO has sanctioned a term loan of Rs. 18.22 crores to the project.
The second project, by Mammon Concast Pvt. Limited, will have an annual installed capacity of 28,600 mt MS billets. The Rs. 22.44 crore project has been sanctioned a term loan of Rs. 13.46 crores, Mr. Bhanawat informed.