Puravankara Limited has informed the Exchange about Bagging/Receiving of orders/contracts
PURVA · price
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Puravankara Limited's wholly owned material subsidiary, Starworth Infrastructure & Construction Limited, has received a Letter of Indent worth Rs. 83,51,50,254 (approximately Rs. 83.51 crores). The contract is for civil construction work of a commercial project called 'Luxon' located at Doddanekundi Industrial Area, Whitefield, Bangalore, Karnataka, awarded by M/s Krishil WhiteAlpha Private Limited. The order is a domestic commercial building contract with no related party involvement and no promoter group interest. The company has stated the time period will be as per the Letter of Indent.
This is a moderate-sized new order win for the subsidiary, providing incremental revenue visibility for Puravankara's construction business. The contract is from a private domestic client and is not a government or large institutional order, so the market impact is likely to be neutral to mildly positive.