Praveg receives work order for Developing and Operating Kihim Tent City at Raigad, Maharashtra

Praveg Limited, India's leading eco-responsible luxury Resorts Company, today announced receiving the work order for developing and operating eco-friendly luxury resort at Kihim, Raigad in Maharashtra. The work order is for a period of five (5) years that could be extended up to another five (5) years.

Speaking on the occasion, Mr. Vishnu Patel, Chairman - Praveg Limited said, "We are delighted to receive the work order for developing and operating Praveg's Resort at Kihim in the Raigad District of Maharashtra. We are thankful to MTDC for reposing their trust on us. With our team of experts and project knowhow, we are confident of commencing the operation within 2 months post signing the work order. Once operational, our guests will experience Praveg's world-class eco-responsible hospitality at Kihim resort across the year."

Spread across 6.5 acre, Praveg's Kihim project will have 40 eco-friendly luxury resorts with conference hall, restaurant & dining area, indoor & outdoor recreational activities, yoga and ayurvedic therapies, cultural center, medical room, etc.

Kihim is a popular weekend gateways for tourists because of its close proximity with Mumbai and Pune. The beach is adorned with incredible golden sand and famous for beautiful butterflies, migratory and resident birds.

With the addition of this resort, Praveg will now have 6 properties in operation and 12 under development. Company aims to further add more eco-responsible luxury resorts across India.

Shares of Praveg Communications (India) Ltd was last trading in BSE at Rs. 571.80 as compared to the previous close of Rs. 540.55. The total number of shares traded during the day was 64346 in over 1222 trades.

The stock hit an intraday high of Rs. 581.45 and intraday low of 541.00. The net turnover during the day was Rs. 36306074.00.

Source : Equity Bulls

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Praveg INE722B01019 KihimTentCity Raigad