Puravankara Share Price in Focus After Subsidiary Secures ₹280.35 Crore Vellore Contract

On March 17, 2026, Puravankara Limited announced that its wholly-owned subsidiary, Starworth Infrastructure & Construction Limited (SICL), has secured a significant contract.  

The contract involves the construction of the Ruby Block (Academic Block) Phase I at Vellore Institute of Technology (VIT), Vellore Campus, valued at ₹280.35 crore, excluding GST. 

Details of the VIT Vellore Contract 

SICL has been awarded a domestic contract by VIT for the construction of the Ruby Block at its Vellore campus. The contract is an item rate contract, which means the payment will be based on the items of work completed.  

The project is scheduled to be completed within 24 months from the date of commencement. 

The contract, valued at ₹280.35 crore, marks a significant achievement for SICL, reinforcing its position in the construction industry. The project does not involve any related party transactions, ensuring transparency in its execution. 

Significance for Puravankara Limited 

As a wholly-owned subsidiary of Puravankara Limited, SICL's acquisition of this contract is a testament to the parent company's strategic focus on expanding its construction portfolio. This development is expected to enhance the company's reputation in the infrastructure sector. 

Read More: Omnitech Engineering Secures ₹920 Crore Order from Weatherford Products GmbH Under MPA Framework! 

Regulatory Compliance and Transparency 

The announcement of the contract was made in compliance with Regulation 30 and Schedule III of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.  

This ensures that all stakeholders are informed about significant developments within the company. 

Puravankara Share Price Performance 

As of March 17, 2026, at 11:37 AM, Puravankara share price on NSE was trading at ₹180.48 up by 0.81% from the previous closing price. 

Conclusion 

The awarding of the ₹280.35 crore contract to SICL for the construction of the Ruby Block at VIT Vellore is a noteworthy achievement for Puravankara Limited. The project aligns with the company's strategic objectives and underscores its commitment to delivering quality infrastructure projects. 

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