In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we are pleased to inform that, the Company has received a Letter of Award (LoA) ....
PRAVEG · price
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Praveg Ltd has received a Letter of Award from Tourism Corporation of Gujarat Limited worth approximately INR 2.68 crore. The contract involves event-related infrastructure work at the Statue of Unity (SoU) in Kevadia, Gujarat, for Rashtriya Ekta Diwas 2025 celebrations. The scope includes augmentation of shops, development of a studio kitchen at the helipad ground, and a theme pavilion at the maze garden. The work is a one-time event-based assignment linked to a 15-31 day requirement period.
This is a modest, one-time event contract from a government tourism body, which adds to the company's order book but is not a recurring revenue stream. Short-term positive sentiment for stock as it shows active order inflow, though limited impact on long-term valuation given the small contract size.