Intimation of receipt of Letter of Intent by M/s Starworth Infrastructure & Construction Limited, wholly Owned Subsidiary of Puravankara Limited.

Order Above 5pct RevenueBusiness Updates View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

+0.5%Reaction day

₹220.95

prior close

₹224.80

announcement price

After-mkt

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+1.1%-0.6% vs market

Residential Commercial Projects peers, median of 65sector+0.2%+0.2% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.2 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Residential Commercial Projects peers, median of 65Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Puravankara's wholly-owned subsidiary Starworth Infrastructure & Construction Limited (SICL) has received a Letter of Intent from Sion Eden Developers Private Limited. The contract is for execution of civil and structural works for Embassy Eden project in Bengaluru. The total contract value is ₹133.34 crore (including GST), with a execution timeline of 34 months from site handover. The order is awarded by a domestic entity and is not a related party transaction.

Likely market impact

This ₹133 crore contract represents meaningful revenue visibility for the construction subsidiary. Given Puravankara's annual revenues typically range between ₹2,500-3,000 crore, this order could constitute roughly 4-5% of annual revenue, providing a positive signal for order book growth.