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The correct answer is option 4, Ukai Project - Gujarat. The Ukai Project is indeed located in Gujarat. It is a multipurpose project located on the Tapi River in the state of Gujarat, India. The project consists of a dam and reservoir which provide irrigation water, drinking water, as well as electricity generation to the nearby regions.
Option 1, Tulbul Project - Himachal Pradesh, is incorrect. The Tulbul Project is located in Jammu and Kashmir.
Option 2, Srisailam Project - Tamil Nadu, is incorrect. The Srisailam Project is located on the Krishna River in Andhra Pradesh and Telangana, not Tamil Nadu.
Option 3, Papanasam Project - Karnataka, is also incorrect. The Papanasam Project is situated in Tamil Nadu, not Karnataka.
Thus, the correct match is option 4, Ukai Project - Gujarat.