Puravankara subsidiary secures ₹509.5 crore construction contract
pre-market1 source ↓written by the desknot a recommendation
- for a luxury
- ₹509.5 crore
- be completed
- 36 months
- despite
- 29.9% revenue growth
- ₹644.4 crore
Puravankara's wholly owned subsidiary, Starworth Infrastructure & Construction Ltd, has received a Letter of Acceptance worth ₹509.5 crore for a luxury project in Bengaluru. The contract, awarded by One Bangalore Luxury Projects LLP, involves civil works and is set to be completed over 36 months.
This order enhances Puravankara's project pipeline amid a challenging financial backdrop, as the company reported a net loss of ₹41.79 crore for Q2 FY26, despite a 29.9% revenue growth to ₹644.4 crore. 📈
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