Construction Company Subsidiary Bags Rs 211.53 Cr Construction Order from SBR Builders
DSIJ Intelligence-2 / 25 Oct 2025/ Categories: Mindshare, Trending
The stock is up by 36.9 per cent from its 52-week low of Rs 205.05 per share and has given multibagger returns of over 521 per cent in 5 years.
On October 24, 2025, Puravankara Limited announced that its wholly owned unlisted subsidiary, M/s. Starworth Infrastructure & Construction Limited, has received a Letter of Award from M/s. SBR Builders. The order pertains to the construction of Core & Shell with Finishes works for a new residential project.
The proposed residential project is titled “SBR Global Queen’s Ville”. The broad consideration of the order is Rs 211,53,00,000 (Rs Two Hundred Eleven Crores Fifty-Three Lakhs only). This order is domestic in nature and is to be executed as per the terms mentioned in the Letter of Award.
The order is not classified under related party transactions, ensuring it is independent of Puravankara’s internal affiliations. Execution of the project will follow the timelines specified in the Letter of Award.
This order strengthens the subsidiary’s Order Book and highlights continued demand in the domestic residential construction sector.
Puravankara Limited, founded in 1975 and headquartered in Bengaluru, is a leading Indian Real Estate development company. With a legacy spanning over five decades, Puravankara is renowned for developing high-quality residential and commercial projects across major Indian cities such as Bengaluru, Chennai, Kochi, Coimbatore, Pune and Mumbai. The company also has an international presence with projects in Dubai and Colombo. Puravankara operates under distinct brands, with "Puravankara" focusing on luxury and innovative projects and "Provident Housing" catering to the premium affordable housing segment. They are known for their customer-centric approach, robust engineering and transparency in business operations.
The company has a market cap of Rs 6,600 crore and debtor days have improved from 108 to 83.7 days. The stock is up by 36.9 per cent from its 52-week low of Rs 205.05 per share and has given multibagger returns of over 521 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.