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's joint venture 'T & T Univastu JV' (in which Univastu holds 35% and T & T Infra holds 65%) has won a work order from Maharashtra Metro Rail Corporation Limited, a government entity, for the Pune Metro Rail Project. The total contract value is about ₹229.98 crore including 18% GST, with Univastu's 35% share amounting to roughly ₹80.49 crore. The scope covers design and construction of a 1.123 km elevated metro viaduct, two metro stations (Kothrud Bus Depot and Chandani Chowk), a double-decker flyover, connecting foot overbridge, and stabling lines. The project is to be completed within 27 months as per the tender schedule. The order is fully domestic with no related-party involvement.
This is a sizeable infrastructure order from a reputed government client, providing good order book visibility over the next ~2 years. For Univastu, the ~₹80 crore share meaningfully strengthens revenue pipeline, and association with a metro rail project enhances credibility for future bidding. Short-term stock reaction is likely positive given the prestige and scale of the contract.