Jaipur, Mar 30 (PTI) Vedanta's Hindustan Zinc Limited (HZL) on Thursday signed an agreement with the Rajasthan Cricket Association (RCA) for the development of the world's third-largest cricket stadium in Chonp village in Jaipur.

HZL will spend Rs 300 crore for the stadium, one of the largest corporate investments in India's sports infrastructure.

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The stadium would be named as Anil Agarwal International Cricket Stadium, Jaipur, a release said.

The agreement was signed by Bhawani Shankar Samota, RCA secretary and Arun Misra, CEO Hindustan Zinc, in the presence of assembly speaker and RCA's chief patron C P Joshi and others.

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The stadium facilities will be spread across 100 acres and have a seating capacity of over 75,000.

Joshi said that the investment would accomplish the long felt dream of construction of a modern international cricket stadium at Jaipur.

He thanked the company for the support and the agreement for the first phase of the stadium construction.

RCA president Vaibhav Gehlot highlighted the history and achievement of RCA and thanked the state government for allotting 100 acres of land for the stadium at concessional rates.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)