Jungle Camps India Ltd Awarded Contract for Operation of Tourist Rest House in Uttarakhand
Jungle Camps India Ltd has been awarded a contract by the Uttarakhand Tourism Development Board (UTDB) for the operation, maintenance, and management of a Tourist Rest House located in Devprayag, Tehri Garhwal (Uttarakhand).The award pertains to the operation of the Tourist Rest House at Devprayag. Jungle Camps India Ltd, formerly known as Pench Jungle Resorts Private Limited, has secured this contract from the domestic entity, the Uttarakhand Tourism Development Board (UTDB).
Key details regarding the contract and financial terms include:
| Aspect | Detail |
|---|---|
| Awarding Entity | Uttarakhand Tourism Development Board (UTDB) |
| Scope of Work | Operation, Maintenance, and Management of Tourist Rest House at Devprayag, Tehri Garhwal |
| Contract Nature | Domestic entity agreement |
| Initial Annual Fee | Rs 28,22,000 (Excluding 18% GST) |
| Performance Security Requirement | Not less than Rs 25,00,000 |
The contract spans a period of Ten years from the date of signing. The annual fee is subject to an escalation clause of 3% per annum based on the previous year’s price.
Terms and operational details also specify:
- Payments are required half yearly in advance by cheque or DD.
- The company must furnish a Performance Security, which must be paid upfront before signing the contract.
- The Contract may be extended for a further period of five years, provided terms and conditions remain consistent, with no single extension exceeding one year in aggregate each time.
There was no indication of interest or relationship between the promoter group of Jungle Camps India Ltd and the UTDB that awarded the order.
Stock Price Movement
Jungle Camps India Ltd shares settled on Friday after the closing bell at ₹46.00, finishing a strong session and edging up 0.44%. Throughout the trading day, however, the stock remained completely flat, with its intraday high and low both registered at ₹46.00.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.