Univastu India Limited has informed the Exchange about Bagging/Receiving of orders/contracts
UNIVASTU · price
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Awaiting price reaction for this filing.
Univastu India Limited has secured a work order valued at Rs. 14.50 crore (excluding GST) for the design, manufacturing, supply, and installation of an Olympic-size swimming pool and warm-up pool using Myrtha Pool Technology at the Mawdiangdiang Sports Complex in Shillong, Meghalaya. The order has been awarded by M/s. Badri Rai Construction Limited, with the State Sports Council Meghalaya (under the Government of Meghalaya) acting as the principal employer. The project involves EPC work for sports infrastructure, including a 50m competition pool and a 25m warm-up pool, with delivery expected about 6 weeks after dispatch and installation on a mutually agreed schedule. The order is domestic in nature and does not involve any related party transactions.
This is a positive order win for Univastu India, adding Rs. 14.50 crore to its order book from a government-backed project, which lends credibility and revenue visibility. The order is from a state government entity, which typically implies stable payments, though execution timeline will be key for revenue recognition.