Balaji Amines enters hospitality with Rs. 100-crore luxury hotel.

Chemicals maker Balaji Amines Ltd. has diversified into the hospitality sector with the launch of a luxury hotel in Solapur, Maharashtra. The company has invested Rs. 100 crore to build the five-star hotel, Balaji Sarovar Premier, in the textile town.
The hotel, spread over three acres with 129 rooms, will be managed by Sarovar Group for 12 years.

D. Ram Reddy, Joint Managing Director, told Business Line that the hotel project was part of the company's plan to monetise the surplus land available for long.


HBL