Puravankara subsidiary secures Rs 83.5 crore civil works order for ‘Luxon' commercial project in Bengaluru
Puravankara Limited has informed the exchanges that its wholly owned material subsidiary, Starworth Infrastructure & Construction Limited, has received a Letter of Intent worth ₹83.51 crore for a major civil construction project in Bengaluru.
The order has been awarded by Krishil WhiteAlpha Private Limited for the construction of civil works of a commercial project named 'Luxon' located at Doddanekundi Industrial Area, Whitefield, Bengaluru, Karnataka.
According to the official filing, the order is a domestic contract and does not fall under related party transactions. The execution timeline will follow the terms outlined in the Letter of Intent.
The announcement was made under Regulation 30 of SEBI's Listing Obligations and Disclosure Requirements (LODR), and the company confirmed that there is no promoter group interest in the awarding entity.
This development adds to Puravankara's project pipeline and further strengthens the EPC arm's presence in the commercial construction segment.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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