Puravankara Limited’s subsidiary, Starworth Infrastructure & Construction Limited (SICL), has been awarded a significant contract valued at ₹57,80,52,217 by Innmar Tourism and Hotels Private Limited. The contract involves the execution of civil, structural, waterproofing, and allied works for the Westin Hotel project located beside Kundalahalli Metro Station in the EPIP Area of Whitefield, Bangalore.
The project is set to be completed within a 20-month timeframe and is structured as an item rate contract. This domestic contract underscores SICL’s capabilities in handling substantial infrastructure projects within the country.
The awarding entity, Innmar Tourism and Hotels Private Limited, has no promoter or group company interest with Puravankara, ensuring that the contract does not fall under related party transactions.
This development marks a significant milestone for Puravankara Limited, further cementing its position in the Indian construction and infrastructure sector.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).