Praveg Limited has received a Letter of Acceptance (LoA) dated September 16, 2026 from Tourism Corporation of Gujarat Limited (TCGL), a Government of Gujarat undertaking. The acceptance was received through email.

The contract involves developing rest shelter facilities for the Parade Contingent in the Statue of Unity (SOU) Area, Gujarat. The scope includes providing, erecting and furnishing the complete set-up with supporting infrastructure, and operation, maintenance and running of the premises for 13 days from October 20, 2026 to November 1, 2026.

Contract Details

  • Total Contract Value: INR 12,99,61,000/- (Rupees Twelve Crore Ninety-Nine Lakh Sixty-One Thousand only) plus applicable GST
  • Nature of Contract: Event Contracting
  • Awarding Entity: Tourism Corporation of Gujarat Limited (TCGL)
  • Entity Type: Domestic entity
  • Execution Period: October 20, 2026 to November 1, 2026 (13 days)
  • Related Party Transaction: No
  • Promoter/Promoter Group Interest: No

Scope of Work

The assignment covers development, erection and furnishing of complete set-up with supporting infrastructure, including temporary structures, furniture, fixtures, equipment, electrical and utility arrangements, manpower deployment, housekeeping, maintenance and allied operational support.

Strategic Context

The contract reinforces Praveg's capabilities in executing integrated, time-bound event infrastructure and operations projects. It strengthens the company's engagement in Gujarat's tourism and events ecosystem and provides opportunity to deploy integrated capabilities across project execution, temporary infrastructure, hospitality services and operations.

Management Commentary

Dr. CA Vishnukumar Patel, Chairman and Managing Director of Praveg Limited, stated that the assignment reflects Praveg's capabilities in integrated event infrastructure and operational management, and reinforces the company's ability to execute time-bound projects at prominent tourism destinations.

Disclaimer Note

The contract is subject to applicable contractual formalities, tender conditions and execution requirements. The contract value is not equivalent to revenue or profit, and actual financial impact will depend on execution, costs, certification, billing, collection and applicable accounting treatment.