Mohit Industries plans to invest Rs 100cr in Gujarat

New Delhi, Jan 15: Mohit Industries Ltd today said it plans to diversify into the hotel business and invest upto Rs 100 crore to set up a five-star hotel in Gujarat.

The company has already signed an MoU with the Gujarat government and has entered into an agreement for purchase of land for the said project, it said in a statement.

It intends to commence commercial operation of the project by 2009.

UNI