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