MoneyWorks4Me

Praveg bags Rs 12.99 crore LoA from Tourism Corporation of Gujarat

17 Sep 2026 Evaluate

Praveg has received a Letter of Acceptance (LoA) worth Rs 12.99 crore plus applicable GST from Tourism Corporation of Gujarat (TCGL), a Government of Gujarat undertaking, for a comprehensive event infrastructure and operations assignment at the Statue of Unity (SOU) Area, Gujarat. The assignment covers the development, erection and furnishing of the complete set-up, supporting infrastructure, and the operation, maintenance and running of the premises for 13 days, from October 20, 2026 to November 1, 2026. The scope includes temporary structures, furniture, fixtures, equipment, electrical and utility arrangements, manpower deployment, housekeeping, maintenance and allied operational support, as specified under the tender and contractual documents.

The contract reinforces Praveg's capabilities in executing integrated, time-bound event infrastructure and operations projects, combining infrastructure mobilisation, hospitality support and on-ground facility management. The award further strengthens the company's engagement in Gujarat's tourism and events ecosystem and provides an opportunity to deploy its integrated capabilities across project execution, temporary infrastructure, hospitality services and operations.

Praveg (Formerly known as Praveg Communications (India)) is principally engaged in business of providing services in holding and arranging Events, Exhibitions, Advertisement, Hospitality and in pharma sector.


Peers
Company Name CMP
The Indian Hotels Co 732.25
ITC Hotels 158.85
Mahindra Holi.&Resor 198.85
EIH 318.00
Chalet Hotels 867.45
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