Univastu India Limited has informed the Exchange about Awarding of order(s)/contract(s)
UNIVASTU · price
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Univastu India Limited has received a work order worth Rs. 74.60 crore (excluding GST) from the Public Works Department (West), Satara, Maharashtra. The order, dated 8th May 2025, is for the construction of the Chhatrapati Shivaji Maharaj Sports Complex for the Karad Municipal Council in Satara district. The project is a government-funded infrastructure contract awarded by a state government department. The order value of nearly Rs. 75 crore is a sizeable addition to the company's order book, given Univastu's small-cap construction profile.
Positive for shareholders — this is a meaningful government-backed infrastructure order that strengthens the company's order book visibility and provides steady revenue over the construction period. Government orders from PWD typically carry lower counterparty risk.