Puravankara Arm Wins Rs 5.10bn Bengaluru Construction Order

17 Dec 2025 CW Team

Puravankara Limited said its wholly owned subsidiary, Starworth Infrastructure & Construction Ltd (SICL), has received a Letter of Acceptance valued at Rs 5.10 billion for a major construction project in Bengaluru.

The LoA has been awarded by One Bangalore Luxury Projects LLP and covers turnkey civil works, finishes, mechanical, electrical and plumbing services, as well as external development for Varnam Phase 1 of the One Bangalore Luxury Project in Devanahalli, Bengaluru Rural district. The contract is scheduled to be executed over a period of 36 months.

The new order strengthens Puravankara’s project pipeline amid a mixed financial performance. In the second quarter of FY26, the company reported a net loss of Rs 0.42 billion, compared with a loss of Rs 0.17 billion in the same period last year. Revenue rose 29.9 per cent year on year to Rs 6.44 billion, while EBITDA declined 7.3 per cent to Rs 1.04 billion. EBITDA margin narrowed to 16.2 per cent from 22.7 per cent a year earlier.

During Q2 FY26, Puravankara recorded sales of Rs 13.22 billion, up 4 per cent year on year, with volumes of 1.5 million square feet and a 7 per cent increase in average realisation to Rs 8,814 per square foot. For the first half of FY26, total sales stood at Rs 24.45 billion across 2.75 million square feet.

Ahead of the announcement, Puravankara shares closed at Rs 244.90 on the NSE, up 2.74 per cent.

Infrastructure Transport

06 Feb 2026

Second Mountain Tunnel Breakthrough in Palghar Advances High Speed Rail

The Mumbai-Ahmedabad high speed rail (MAHSR) project reached a milestone with the breakthrough of a mountain tunnel in Palghar, Maharashtra. Mountain tunnel MT-six measures 454 metres long and 14.4 metres wide and will accommodate up and down tracks. The breakthrough follows MT-five near Saphale on second January 2026 and the MT-six excavation was completed from both ends using the New Austrian Tunnelling Method. The ministry reported that the tunnelling was completed within 12 months. The New Austrian Tunnelling Method is favoured for its flexibility in complex geology and irregular tunnel s..

Modi Government Pushes Atmanirbhar Container Drive With BCSL MoU

The Union Government advanced a plan to create an integrated, domestically anchored container ecosystem with the signing of a Memorandum of Understanding to establish the Bharat Container Shipping Line (BCSL). The MoU was signed by key agencies including the Shipping Corporation of India and Container Corporation of India alongside major port authorities and Sagarmala Finance Corporation Limited under the Ministry of Ports, Shipping and Waterways, in the presence of senior ministers. The initiative aligns with the Container Manufacturing Assistance Scheme announced in the Union Budget 2026–2..

Ministry Reports Gains In Mobility For Marginalised Communities

The Ministry of Social Justice and Empowerment is implementing skill development, education and rehabilitation schemes to promote socio-economic mobility and sustainable livelihoods for marginalised and disadvantaged communities across the country. Programmes target Scheduled Castes, Other Backward Classes, Economically Weaker Sections, De-notified Tribes and Safai Karamcharis through specialised implementing corporations and empanelled training institutes. Pradhan Mantri Dakshata Aur Kushalta Sampann Hitgrahi Yojana, or PM-DAKSH, provided skill training and placement support through the Nati..