+
Puravankara Subsidiary Secures Rs 5.1 Bn Construction Order
Cement

Puravankara Subsidiary Secures Rs 5.1 Bn Construction Order

Puravankara Limited has announced that its wholly owned subsidiary, Starworth Infrastructure & Construction, has secured a construction contract valued at Rs 5.0952 billion. The letter of award has been issued by One Bangalore Luxury Projects LLP for the execution of Varnam Phase 1, a part of the One Bangalore Luxury Project in Akalehahalli–Mallenhalli Village, Kasaba Hobli, Bengaluru Rural District, Karnataka.

The contract includes comprehensive turnkey responsibilities, covering civil works, finishes, mechanical, electrical and plumbing (MEP) services, along with external development. The project is planned to be completed within 36 months.

Puravankara confirmed that neither its promoters nor the promoter group have any interest in the awarding entity, and therefore the order does not fall under related-party transactions.

The Bengaluru-headquartered real estate group continues to expand its development footprint across India through its residential brands—Puravankara, Provident Housing, and Purva Land—with a diverse portfolio spanning luxury, premium, and plotted development segments.

In its latest quarterly results, the company reported a consolidated net loss of Rs 417.9 million for Q2 FY26, compared with a loss of Rs 16.78 crore in the same period last year, while net sales rose 30 per cent year-on-year to Rs 6.442 billion. 

Puravankara Limited has announced that its wholly owned subsidiary, Starworth Infrastructure & Construction, has secured a construction contract valued at Rs 5.0952 billion. The letter of award has been issued by One Bangalore Luxury Projects LLP for the execution of Varnam Phase 1, a part of the One Bangalore Luxury Project in Akalehahalli–Mallenhalli Village, Kasaba Hobli, Bengaluru Rural District, Karnataka. The contract includes comprehensive turnkey responsibilities, covering civil works, finishes, mechanical, electrical and plumbing (MEP) services, along with external development. The project is planned to be completed within 36 months. Puravankara confirmed that neither its promoters nor the promoter group have any interest in the awarding entity, and therefore the order does not fall under related-party transactions. The Bengaluru-headquartered real estate group continues to expand its development footprint across India through its residential brands—Puravankara, Provident Housing, and Purva Land—with a diverse portfolio spanning luxury, premium, and plotted development segments. In its latest quarterly results, the company reported a consolidated net loss of Rs 417.9 million for Q2 FY26, compared with a loss of Rs 16.78 crore in the same period last year, while net sales rose 30 per cent year-on-year to Rs 6.442 billion. 

Related Stories

Gold Stories

Next Story
Products

Interio by Godrej launches modular workplace solutions

Interio by Godrej has launched Workscapes, a modular workplace solutions category designed to help organisations configure and adapt workspaces to changing requirements. The portfolio combines mobile and compatible furniture and support elements that can be rearranged across different work modes without changes to fixed layouts.Workscapes includes Collaboration Tables, Privacy Solutions, Mobile Markerboards and Space Dividers, Power Solutions, Storage and Support Elements, Meeting and Presentation Tools, and Seating Elements. The range is designed for focused work, collaboration, informal disc..

Next Story
Infrastructure Urban

CAFE-III Gives Auto Industry Investment Clarity

The government’s new Corporate Average Fuel Economy (CAFE-III) norms have provided the automobile industry with a clearer framework for technology investments, according to industry representatives. The framework seeks to balance environmental objectives with flexibility for manufacturers while encouraging the adoption of flex-fuel vehicles and biofuels. Society of Indian Automobile Manufacturers (SIAM) President Shenu Agarwal said the five-year framework would give automakers greater predictability to plan investments and accelerate innovation. He said the regulation established annual targ..

Next Story
Infrastructure Energy

Mines Ministry to Auction Two Offshore Mineral Blocks in Andaman Sea

The Ministry of Mines will launch an auction of two offshore mineral blocks in the Andaman Sea on Thursday, seeking to unlock India’s offshore mineral potential and strengthen long-term mineral resource security. The blocks will be offered under a composite licence, which permits exploration and development activities in accordance with the applicable regulatory framework. The ministry said the auction was intended to encourage systematic exploration, attract investment and promote the use of advanced technologies for offshore mineral exploration and development. The initiative is also aimed..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code