Subsidiary SICL wins Rs 509.52 Cr construction contract in Bengaluru

Order above 5% of revenueBusiness Updates View source PDF Explain this filing

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

-0.7%Reaction day

₹244.90

prior close

₹250.22

announcement price

After-mkt

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)+0.4%-1.1% vs market

Residential Commercial Projects peers, median of 61sector+0.0%-0.7% vs sector

On the reaction day the stock moved 1.1 pts less than Nifty Microcap 250 and 0.7 pts less than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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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 61Pending

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

AI summary

Puravankara's wholly owned subsidiary Starworth Infrastructure & Construction (SICL) has received a Letter of Acceptance from One Bangalore Luxury Projects LLP for a Rs 509.52 Cr turnkey construction contract. Scope covers civil, finishes, MEP and external development for Varnam Phase 1 at One Bangalore Luxury Project in Devanahalli, Bengaluru. Execution period is 36 months. Order is domestic and item-rate based with no related party interest.

Likely market impact

Strengthens SICL's order book and provides 3-year execution runway for Puravankara's construction arm.