Starworth Infrastructure & Construction Limited, a wholly owned subsidiary of Puravankara, has secured a significant contract valued at ₹280.35 crore for a project at VIT Vellore.
The contract involves the construction of the Ruby Block (Academic Block) Phase – I at the VIT Vellore Campus. The project is set to be completed within 24 months and is structured as a domestic item rate contract. The awarding entity is the Vellore Institute of Technology. Notably, there is no involvement of related party transactions, and the promoter group does not have any interest in the awarding entity.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Business Desk and reviewed by Aditya Bhagchandani before publication.