Puravankara Subsidiary Wins ₹175 Crore Ritz Carlton Contract

Contract Details

M/s. Starworth Infrastructure & Construction Limited (SICL), a wholly owned subsidiary of Puravankara Limited, has received a Letter of Intent from M/s. Red Connect Private Limited for execution of civil and structural works for construction of Ritz Carlton Project at MRC Nagar, Chennai.

Contract Value

The contract value is ₹1,75,00,00,000/- (Indian Rupees One Hundred Seventy-Five Crores only) excluding GST.

Significant Terms and Conditions

• Nature of contract: Civil and structural works
• Awarded by: Domestic entity
• Execution timeframe: 32 months
• Location: MRC Nagar, Chennai
• Project: Ritz Carlton Project

Related Party Considerations

The disclosure specifically confirms that:

• No promoter/promoter group/group companies have any interest in the entity that awarded the contract
• The contract does not fall within related party transactions