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Puravankara Ltd.

BSE: 532891 Sector: Infrastructure
NSE: PURVA ISIN Code: INE323I01011
BSE LIVE 15:40 | 18 Aug 72.20 0.70
(0.98%)
OPEN

71.00

HIGH

73.30

LOW

70.65

NSE 15:59 | 18 Aug 71.60 -2.00
(-2.72%)
OPEN

70.95

HIGH

72.40

LOW

70.35

OPEN 71.00
PREVIOUS CLOSE 71.50
VOLUME 22509
52-Week high 79.95
52-Week low 37.20
P/E 16.04
Mkt Cap.(Rs cr) 1,712
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 71.00
CLOSE 71.50
VOLUME 22509
52-Week high 79.95
52-Week low 37.20
P/E 16.04
Mkt Cap.(Rs cr) 1,712
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Puravankara Ltd. (PURVA) - Company History

An ISO 9001 certified company, the Puravankara Projects Limited (PPL) was incorporated on 3rd June 1986 in Mumbai as a private limited company under the name of Puravankara Constructions Private Limited. Now it emerged as a leading real estate developer, provides residential flats and commercial, serving the needs of a discerning clientele. The Company's operations cover Bangalore, Kochi, Chennai, Coimbatore, Hyderabad, Mysore, Colombo and the United Arab Emirates (U.A.E). Also have representatives in the United Kingdom and the United States. PPL have completed many residential and commercial projects covering approximately 4.73 million sq.ft of saleable area. The network of the company expanded to Bangalore in the year 1987 and commenced its operations in Bangalore during the year 1990, also launched its first residential project. The name of the company was changed to Puravankara Projects Limited and the status also changed to a public limited company, the fresh certificate of incorporation consequent on change of name and status was granted to the company on 19th August 1992. PPL was certified as an ISO 9001 compliant company by DNV in the year 1998. One of the company's residential projects, Purva Park was nominated as a finalist in the International Prix d'Excellence awarded by the FIABCI, Paris in the identical year of 1998. During the year 2002, PPL obtained the CRISIL DA2+ rating and set up its office in U.A.E. The Company had spread its wing to Chennai, set up its operations in Chennai during the year 2004. PPL had entered into a joint venture with the Keppel Investment Mauritius Private Limited in 2005. During the same year 2005, set up its operations in Kochi and obtained approval from the Board of Investment in Sri Lanka. The Company Joint Venture with Keppel Land Limited, Singapore had launched Elita Promenade in JP Nagar, Bangalore during July 2005. In recognition of the quality projects and for delivering properties on time to customers with clear title to properties, the company received DA2+ rating from CRISIL in the year 2006. In June 2006, PPL had signed a Memorandum of Understanding (MOU) with the City Municipal Council (CMC), Yelahanka in an effort to develop the double road connecting the Doddaballapura road to Yeshwanthpura road via Attur. PPL tapped capital market by the way of its Initial Public Offering (IPO) in July of the year 2007. The Company bagged the bid from Andhra Pradesh Industrial Infrastructure Corporation (APIIC) in November 2007 to develop a Hi-tech City in Hyderabad. PPL made its foray into the affordable housing segment and launched a 100% owned subsidiary called Provident Housing and Infrastructure during in August of the year 2008.