Univastu India Limited has informed the Exchange about Bagging/Receiving of orders/contracts
UNIVASTU · price
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Univastu India Limited has received a Letter of Acceptance dated 24 February 2026 from IRCON International Limited (a Government of India enterprise) for the Mumbai Metro Rail Project of MMRDA. The scope covers design, manufacture, supply, installation, testing and commissioning of power supply, traction, E&M, lifts and escalators for Line 6 (Swami Samarth Nagar to Vikhroli), along with 2 years of defect liability maintenance and 5 years of comprehensive maintenance. The total contract value is approximately ₹485.67 crore plus Euro 2,679,469.73 (excluding GST and customs duty). Execution timeline involves a 104-week design-build period, giving the company multi-year revenue visibility in the metro rail infrastructure segment.
This is a large, multi-year order from a government PSU that materially boosts Univastu's order book, strengthens its metro rail execution credentials, and provides medium-to-long-term revenue visibility — likely to be viewed positively by the market.