In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we wish to inform you that the Company has received a Letter of Award (LoA) on ....
PRAVEG · price
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Praveg Limited received a Letter of Award (LoA) on February 25, 2026, from the Government of Meghalaya's Directorate of Tourism for developing, operating, and maintaining luxury cottages at Umiam, Meghalaya. The project covers a minimum of 40 luxury cottages on about 10 acres of land, to be executed under a Design, Build, Finance, Operate and Transfer (DBFOT) model on a Public-Private Partnership basis. The concession period is 30 years, with an 18-month development deadline from the appointed date. The company describes itself as the selected bidder for the project. The exact financial value of the order has not been disclosed.
Adds a long-tenure revenue-generating asset to Praveg's eco-luxury hospitality portfolio, but since the project size is not yet disclosed, the immediate financial impact on the stock remains unclear.