Award7 Jun 2026, 10:01 pm
Jungle Camps India Awarded ₹28.22 Lakh Tourist Rest House Contract
AI Summary
Jungle Camps India Ltd has secured a Letter of Award (LOA) from the Uttarakhand Tourism Development Board (UTDB) for the Operation, Maintenance, and Management of a Tourist Rest House in Devprayag, Tehri Garhwal. The contract is valued at ₹28,22,000 per annum, excluding 18% GST, with a 3% annual escalation. The initial contract period is ten years, with a potential extension of five years. Jungle Camps India is required to pay the annual fee half-yearly in advance and furnish a performance security of ₹25,00,000. The company has confirmed its unconditional acceptance and will sign the contract agreement within seven days.
Key Highlights
- Secured 10-year contract for Tourist Rest House management in Devprayag.
- Annual contract value of ₹28.22 Lakhs, with 3% annual escalation.
- Requires ₹25 Lakhs performance security and advance half-yearly payments.
- Contract includes a potential 5-year extension based on performance.