Puravankara Share Price in Focus After Subsidiary Secures ₹311 Crore Construction Contract

Starworth Infrastructure & Construction Limited (SICL), a wholly-owned subsidiary of Puravankara Limited, has secured a significant construction contract. This project involves the development of a residential complex named "Sattva AANGANE" in East Taluk, Bangalore, with an approximate built-up area of 30,36,458 sq. ft. 

Contract Details and Scope 

The contract, awarded by M/s. Sattva Resi Private Limited, is valued at approximately ₹311,18,40,336. This item rate contract is set to be executed over a period of 37 months. The project is a domestic venture, reinforcing SICL's presence in the Indian construction sector. 

Significance of the Project 

SICL's involvement in the "Sattva AANGANE" project marks a substantial addition to its portfolio. The project is expected to enhance the company's reputation in delivering large-scale residential developments. The contract's domestic nature aligns with SICL's strategic focus on the Indian market. 

Read More: Uttar Pradesh’s Real Estate Investment Jumps 54% to ₹68,328 Crore in 2025! 

Financial Implications 

The contract's value, ₹311,18,40,336, underscores the project's scale and the financial commitment involved. This substantial investment reflects SICL's capability to manage and execute large projects, contributing positively to its financial outlook. 

Non-Related Party Transaction 

Importantly, the contract does not fall within related party transactions, ensuring that it is conducted at arm's length. Neither the promoter group nor group companies have any interest in the entity awarding the contract, maintaining transparency and compliance with regulatory standards. 

Puravankara Share Price Performance  

As of January 13, 2026, at 11:14 AM, Puravankara share price on NSE was trading at ₹232.55 up by 0.35% from the previous closing price. 

Conclusion 

The awarding of this ₹311 crore contract to SICL highlights the company's robust capabilities in the construction sector. The project is a testament to SICL's strategic focus on expanding its footprint in the domestic market, particularly in Bangalore. 

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