On September 18, 2024, Praveg Limited (formerly known as Praveg Communications (India) Limited) announced a significant development in its operations. The company has received a Letter of Award (LoA) dated September 17, 2024, from the Tourism Corporation of Gujarat Limited (TCGL) for the Operation, Maintenance, and Management (O&M) of 30 Bhungas located in Dhordo, Gujarat.

This strategic award is part of Praveg Limited's efforts to expand its accommodations and enhance the overall guest experience. With the addition of these 30 Bhungas, the company now offers a total of 76 accommodations, including its existing 46 tents. This expansion is aimed at providing a broader range of options for guests, enriching their stay in one of Gujarat's prime tourism destinations.

Key Details of the Contract:

Awarding Entity: The contract has been awarded by the Tourism Corporation of Gujarat Limited (TCGL).

Nature of the Contract: The scope of the award includes the operation, maintenance, and management of the Bhungas.

Duration: The execution period for this contract is set for five years.

Contract Size: The contract involves the management of 30 Bhungas.

The decision to award this contract to Praveg Limited underscores the company's capabilities in the hospitality sector, particularly in managing unique accommodations that appeal to tourists seeking authentic experiences in Gujarat.

Additionally, the announcement confirms that there are no interests from the promoter group in the entity awarding the contract, and the transaction adheres to arm's length principles, ensuring transparency and compliance with regulatory norms.

This new opportunity positions Praveg Limited favorably within the burgeoning tourism market in Gujarat, allowing the company to leverage its expertise in hospitality management. The enhancement of their accommodation offerings aligns with the state's goal of boosting tourism and providing exceptional experiences to visitors.

In conclusion, the receipt of this Letter of Award for the management of 30 Bhungas marks an important milestone for Praveg Limited, reinforcing its commitment to quality service in the tourism and hospitality sector.

For more information about Praveg Limited and its offerings, please visit their official website.

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