Starworth Infrastructure & Construction Limited (SICL), a wholly-owned subsidiary of Puravankara Limited, has been awarded a significant contract for civil and structural works. The project, commissioned by Sion Eden Developers Private Limited for the Embassy Eden development in Bengaluru, is valued at ₹133.34 crore. This deal marks a notable expansion of SICL’s order book, with the execution phase expected to span 34 months from the date of site handover.
Contract Overview
Puravankara Limited has announced that its subsidiary, Starworth Infrastructure & Construction Limited (SICL), has successfully secured a new order for project execution. The contract involves comprehensive civil and structural construction work for the Embassy Eden project located in Bengaluru. Valued at ₹133,34,09,064 (inclusive of GST), this agreement underscores the subsidiary’s growing footprint in the infrastructure and construction sector.
Project Details and Timeline
The contract is structured as an item rate contract, emphasizing precise project management and execution. According to the official announcement dated May 20, 2026, the project timeline is set for 34 months, beginning from the official handover of the site to the contractor. SICL has confirmed that there are no promoter group interests involved in the awarding entity, and the transaction is conducted at arm’s length.
Strategic Significance
Securing this project allows SICL to strengthen its operational capacity in the Bengaluru region. By maintaining a focus on high-value civil and structural engineering projects, the subsidiary continues to contribute to the parent company’s overall growth strategy. This win provides enhanced project visibility for the coming three years, bolstering the group’s consolidated construction capabilities.
Source: BSE
