Puravankara Ltd: Stock jumps 3% as subsidiary awarded ₹280 Cr VIT Vellore academic block contractPuravankara Ltd: Stock jumps 3% as subsidiary awarded ₹280 Cr VIT Vellore academic block contract

Introduction

Leading real estate and infrastructure firms have secured a ₹280.35 crore contract from VIT, Vellore for Ruby Block Phase I construction to be completed in 24 months.

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Share price movement of Puravankara

On March 17, 2026, Puravankara Ltd opened at ₹182.55, up 2.00% from its previous close of ₹178.95. The stock reached a high of ₹184.55 (3.15%) and a low of ₹177.50 (-0.25%). By 2:43 PM, it traded at ₹180.00, a 0.59% increase, with a market cap of ₹4,268.69 crore.

Puravankara Secures VIT Construction Deal

Puravankara Limited’s wholly owned subsidiary, Starworth Infrastructure & Construction Limited (SICL), has received a Letter of Intent for constructing Ruby Block Phase – I at VIT, Vellore. Project value is ₹280.35 crore.

The contract is an item rate agreement awarded by Vellore Institute of Technology. SICL will complete the project within 24 months under Puravankara Limited’s oversight.

The construction involves building an academic block at VIT, Vellore. The order is awarded by a domestic entity, and SICL will execute all works as per agreed terms and conditions.

Stock performance of Puravankara for period of 1 week, 6 months, and 1 year

Puravankara Ltd delivered a 1-week return of -6.84%, a 6-month return of -34.4%, and a 1-year return of -23.7%.

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Shareholding pattern of Puravankara

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	75.00%	75.00%	75.00%
FII	17.20%	17.20%	17.30%
DII	0.50%	0.50%	0.70%
Public	7.30%	7.30%	7.10%

About Puravankara

Puravankara Ltd (NSE: PURVA) is a real estate company developing and selling projects across major Indian cities, completing 43 million square feet through 74 residential and commercial projects.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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