Praveg inches up on bagging Rs 12.99 crore LoA from Tourism Corporation of Gujarat
Praveg is currently trading at Rs. 253.50, up by 0.35 points or 0.14% from its previous closing of Rs. 253.15 on the BSE.
The scrip opened at Rs. 236.50 and has touched a high and low of Rs. 256.25 and Rs. 236.50 respectively. So far 430 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 417.00 on 19-Sep-2025 and a 52 week low of Rs. 175.00 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 265.80 and Rs. 236.50 respectively. The current market cap of the company is Rs. 653.52 crore.
The promoters holding in the company stood at 46.18%, while Institutions and Non-Institutions held 5.62% and 48.20% respectively.
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.
