Jungle Camps wins first Uttarakhand contract, but the cheque is small.
A 10-year deal to run a tourist rest house in Devprayag expands the company's geographic footprint, though the fee is just ₹28.22 lakhs per year.
— 1 earlier story on Jungle Camps India Ltd. →What's new
- Won a letter of award from Uttarakhand Tourism Development Board for a 10-year contract.
- The deal marks Jungle Camps' entry into the Uttarakhand market.
- Performance security of ₹25 lakhs is due, with a formal agreement to be signed within seven days.
Why this matters
The contract is a logical geographic expansion for a company operating in Madhya Pradesh and Rajasthan. The scale is trivial against its ₹71 crore market cap. The real story is whether this single-property win converts into more state tourism contracts.
What we're watching
- Execution of the formal agreement within the seven-day deadline.
- Whether Jungle Camps bids for larger Uttarakhand tourism concessions.
- Impact on the company's asset-light portfolio growth strategy.
The full read
Jungle Camps India has won its first contract in Uttarakhand, landing a 10-year deal from the state's tourism board to run a rest house at Devprayag. The annual fee is ₹28.22 lakhs, with a 3% annual escalation. The contract is extendable by five more years. For a nano-cap with a ₹71 crore market cap, the financial heft is modest. The deal is about portfolio expansion, not cash flow. Jungle Camps now operates in three states. The test is whether this state-government contract leads to more.
Questions answered
- How significant is this contract for Jungle Camps' revenue?
- The annual fee is ₹28.22 lakhs, escalating at 3%. For a company with a ₹71 crore market cap, this is a minor revenue stream. The value is strategic, not financial.
- Why is Uttarakhand an important new market?
- It is the first contract in Uttarakhand for Jungle Camps, which previously operated only in Madhya Pradesh and Rajasthan. The deal diversifies the company's geographic presence.
- What are the financial obligations?
- The company must furnish a performance security of ₹25 lakhs and sign the formal agreement within seven days. The annual fee of ₹28.22 lakhs escalates at 3% per year.
- Is the contract duration fixed at ten years?
- The initial term is ten years. The contract is extendable by another five years at the discretion of the Uttarakhand Tourism Development Board.
Story so far
All notes on JUNGLECAMP →- 7 Jun 2026 · 9:54 PM IST Jungle Camps wins first Uttarakhand contract, but the cheque is small.
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