Purvankara Share Price Up 3% as Subsidiary Bags Major Contract in Bengaluru

Puravankara Limited, one of India’s established real estate developers, has made a key announcement regarding its wholly owned subsidiary. Starworth Infrastructure & Construction Limited has received a substantial order for construction-related services. This development marks another milestone in the group’s operational growth and affirms its strong position in the civil infrastructure space.

TRU Aquapolis Project Awarded to Starworth

The contract has been awarded by M/s. TRU Dwellings Private Limited for the proposed residential apartment project “TRU AQUAPOLIS”, located in Varthur, Bengaluru. The project includes extensive civil and finishing works. This order is classified as EPC-commercial and is entirely domestic in nature. While the exact execution timeline will follow the formal contract agreement, the value of the order stands at ₹272.02 crore.

No Promoter or Related Party Interests Involved

According to the disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the Master Circular dated 11 November 2024, there is no involvement of any promoter group or related party in the awarding entity. This ensures that the contract has been awarded on an independent and arm’s length basis, reinforcing compliance and transparency standards.

Puravankara Q4FY24 Results

Puravankara Limited, the Bengaluru-based real estate company, reported a significant widening of its consolidated net loss to ₹88 crore in the fourth quarter ended March 2025. This marks a steep increase compared to a loss of ₹6.71 crore in the same period last year.

The company also witnessed a sharp fall in its revenue from operations, which dropped by 41% year-on-year to ₹541.6 crore..

Read More: Puravankara’s Subsidiary Secures Major Contract Worth ₹118.63 Crores!

Purvankara Share Price Performance 

As of 19 June 2025, 10:56 AM, Purvankara share price is trading at ₹288.90 per share, a 3.20% increase. Over the month, the stock has surged by 15.13%.

Conclusion

The award of this contract to Starworth Infrastructure underscores Puravankara’s ongoing expansion in the civil construction domain. With a high-value project like TRU Aquapolis under execution, the company continues to strengthen its foothold in the fast-growing Bengaluru real estate market.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.