Univastu India Limited has informed the Exchange about Bagging/Receiving of orders/contracts
UNIVASTU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Univastu India Limited has received a work order worth Rs. 244.31 crores (including GST) from the Divisional Sports Complex Committee, Jalgaon, for the construction of a Divisional Sports Complex in Jalgaon District. The project is to be completed within 36 calendar months (including monsoon period) from the date of receiving the work order. This is a domestic government order, and there is no related party interest involved in the transaction.
This is a sizable order for Univastu India and is likely to materially boost its order book and future revenue, given the company is a small-cap construction firm. Positive for the stock as it strengthens visibility on revenue over the next 3 years.