Construction company receives an order of Rs 311,18,40,336 from Sattva Resi Pvt Ltd

Puravankara Limited has announced that its wholly-owned subsidiary, Starworth Infrastructure & Construction Ltd (SICL), has secured a domestic contract from Sattva Resi Pvt Ltd for the construction of a major residential project, "Sattva AANGANE," located in East Taluk, Bangalore. This item rate contract covers an approximate built-up area of 30,36,458 sq. ft. and is valued at approximately Rs 311,18,40,336. The project is slated for execution over a timeline of 37 months, further strengthening SICL’s portfolio in the domestic construction and infrastructure 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 over Rs 5,000 crore and debtor days have improved from 108 to 83.7 days. The stock is up by 15 per cent from its 52-week low of Rs 205.05 per share and has given multibagger returns of 160 per cent in 3 years.

Disclaimer: The article is for informational purposes only and not investment advice.