Business Update21 Aug 2026, 01:04 pm
Puravankara Subsidiary Wins ₹175 Cr Ritz Carlton Project Contract
AI Summary
Puravankara Ltd's wholly-owned subsidiary, Starworth Infrastructure and Construction Limited (SICL), has received a Letter of Intent from Red Connect Private Limited. The contract is for executing civil and structural works for the Ritz Carlton Project in MRC Nagar, Chennai. The total contract value is ₹175 crore, excluding GST, and is expected to be executed within 32 months. This significant order bolsters the subsidiary's order book and indicates continued business development in the infrastructure and construction sector.
Key Highlights
- Wholly-owned subsidiary SICL secured a ₹175 Cr contract.
- Contract is for Ritz Carlton Project civil and structural works.
- Execution timeline for the project is 32 months.
- Order awarded by domestic entity Red Connect Private Limited.
- No promoter interest in the awarding entity.
Price Impact
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