Univastu India JV Secures ₹229.98 Crore Pune Metro Rail Project
Univastu India JV has received a work order worth ₹229.98 crore for the Pune Metro Rail Project. Univastu India Limited holds a 35% stake in the JV, amounting to ₹80.49 crore. The project involves design and construction of viaducts and metro stations, with completion expected within 27 months.
The contract value is significant for the company, representing a major new order that is expected to contribute to its revenue and growth.
The company has secured a new, substantial work order for a significant infrastructure project, which is a positive development.
Univastu India Limited, through its joint venture 'T & T Univastu JV' where it holds a 35% stake, has been awarded a significant work order by Maharashtra Metro Rail Corporation Limited. The project involves the design and construction of an Elevated Metro Viaduct of 1.123 Km, two Metro Stations (Kothrud Bus Depot & Chandani Chowk), a 1st Level Integrated Double Decker flyover at Kothrud Depot, and a Connecting FOB to the National Highway. This work is part of the Vanaz to Chandani Chowk Corridor (Line-2A) and includes stabling lines at the Bhakti Shakti end of the PCMC-Nigdi Corridor of the Pune Metro Rail Project.
The total contract value for this project is ₹229.98 crore (Indian Rupees Two Hundred Twenty-Nine Crore Ninety-Seven Lakh Ninety-Four Thousand and Eight Only), inclusive of GST at 18%. Univastu India Limited's share in this total contract value amounts to ₹80.49 crore (Rupees Eighty Crore Forty-Nine Lakh Twenty-Seven Thousand Nine Hundred and Three Only), while T & T Infra Limited holds the remaining 65% share, valued at ₹149.49 crore (Rupees One Hundred and Forty-Nine Crore Forty-Eight Lakh Sixty-six Thousand One hundred and Five Only).
The execution of this contract is scheduled to be completed within 27 months from the tender/bid document's schedule. This award represents a significant new order for the company and its joint venture.
What to do with a filing like this
Univastu India Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Univastu India Limited. Read the original for the full detail.