Puravankara Limited has informed the Exchange that M/s. Starworth Infrastructure & Construction Limited which is the Wholly Owned Subsidiary of Puravankara Limited has received a Letter of Indent for Civil and Finishes Works for the proposed Residential Apartment at TRU AQUAPOLIS in Varthur, Bengaluru from M/s. Tru Dwellings Private Limited
PURVA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Puravankara Limited's wholly owned subsidiary, Starworth Infrastructure & Construction Limited, has received a Letter of Indent from TRU Dwellings Private Limited for civil and finishes works at the 'TRU AQUAPOLIS' residential apartment project in Varthur, Bengaluru. The contract is classified as EPC-Commercial in nature and is entirely domestic. The broad consideration for the order is approximately ₹272.02 crores (Rupees Two hundred seventy-two crores and two lakhs). Execution timelines will be governed by the formal contract agreement, and there is no promoter or related party interest in the awarding entity.
This adds a sizable ~₹272 crore contract to the order pipeline of Puravankara's construction subsidiary, providing revenue visibility and reinforcing activity in the Bengaluru residential market. While positive for order book strength, the actual revenue impact depends on execution timelines under the formal contract yet to be signed.