Deals4 Apr 2025, 11:52 pm
Puravankara Ltd Subsidiary Receives LOI for Rs. 1,18,63,32,966/- Project
AI Summary
Puravankara Ltd announced that its wholly owned subsidiary, Starworth Infrastructure and Construction Limited, has received a Letter of Intent (LOI) from M/s. Ranka Properties Private Limited for a project named 'Ranka Ankura'. The contract is for Rs. 1,18,63,32,966/- and pertains to the Concrete and Blockwork Package for the project. The agreement is in the process of execution as of 3rd April 2025.
Key Highlights
- Puravankara Ltd's subsidiary, Starworth Infrastructure and Construction Limited, received a LOI from M/s. Ranka Properties Private Limited.
- The LOI is for a project named 'Ranka Ankura' worth Rs. 1,18,63,32,966/-.
- The contract is for the Concrete and Blockwork Package for the project.
- The agreement is in the process of execution as of 3rd April 2025.
- Puravankara Ltd is a listed entity and Starworth Infrastructure and Construction Limited is a material wholly owned subsidiary of the listed entity.