11 hours ago
Puravankara shares surge 6% after subsidiary secures order worth Rs 272 crore
Shares of Puravankara Ltd rallied 6% in early trade after its wholly owned subsidiary, Starworth Infrastructure & Construction Limited, received a significant civil and finishing works order. As of 9:15 AM, the shares were trading 5.38% higher at Rs 293.90
The contract, valued at ₹272.02 crore, is for the construction of a residential apartment project named 'TRU AQUAPOLIS' in Varthur, Bengaluru.
Awarded by TRU Dwellings Private Limited, the project falls under an EPC-commercial contract model. The scope of work includes civil and finishing services for the residential complex, with the execution to follow a defined timeline and terms specified in the formal agreement. The project is domestic in nature, with no involvement of promoters or related parties, as confirmed by the company.
This order strengthens Starworth Infrastructure's growing project portfolio and signals strong momentum in the Indian residential construction sector.
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