Delta Corp set to complete its 90 acre township project by 2027

Published on:

Delta Corp, India’s leading hospitality corporation, which operates several casinos in the country, is all set to deliver its 90-acre integrated township near the greenfield airport at Mopa by 2027. The news comes in after the company recorded a historically increased revenue for the July-September quarter.

The company that specializes in operation on and offshore casinos under the banner of Deltin also gave an ultimatum on its new offshore vessel. The vessel estimated to be worth Rs 150 crore, will be ready in the next 12 months according to the company.

Delta Corp’s chief financial officer Hardik Dhebar revealed that they have received the final nod and will commence with the project by December this year or January next year. He also stated that barring any more unforeseen delays the project will be finished by 2027 with the company generating revenues after the initial three years.

“We have received the final approvals, a letter of intent, and the notification of the land as an Investment Promotion Area, and we will start breaking ground in December or January. We start in 2023, and by 2027 we will be completing the project if there are no more surprises. The way I look at it is we will have to wait for the first three years for revenues to kick in,” said Delta Corp’s chief financial officer Hardik Dhebar during a conference call with financial analysts.

Dhebar also expressed his relief as he won’t have to work rigorously in order to get the final clearance. He also confirmed the arrival of a brand new, improved, and larger, casino vessel, replacing their current smallest ship. He also revealed that the company’s most valuable asset Deltin Royale will be dry-docked for three weeks before the end of the financial year.

“Now, it is a single-window clearance, and I don’t have to run from pillar to post or department to department for permissions. We have got the letter of intent. The smallest ship will be replaced and the new ship will be bigger than the biggest ship that we have currently,” he added.