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Business Upturn
5 days ago
- Business
- Business Upturn
Puravankara subsidiary secures Rs 83.5 crore civil works order for ‘Luxon' commercial project in Bengaluru
By Aditya Bhagchandani Published on August 6, 2025, 18:05 IST 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. Ahmedabad Plane Crash 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.
Business Upturn
19-06-2025
- Business
- Business Upturn
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. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
