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Updated: May 16, 2025 19:57
Univastu India Ltd has won a major order of Rs 74.60 crore (without GST) from the Public Works Department (West) Satara. The order is for building the Chhatrapati Shivaji Maharaj Sports Complex of the Karad Municipal Council in Satara district, Maharashtra.
This major win was officially communicated to Univastu India Ltd via email on May 8, 2025, and promptly disclosed to the stock exchanges in compliance with SEBI’s Listing Obligations and Disclosure Requirements. The scope of work includes comprehensive construction services for the new sports complex, which is expected to boost local infrastructure and foster sports development in the region.
The value of the contract, including GST, will be higher than the base amount, adding further strength to the financial importance of the project for Univastu India Ltd. Shares of the company are traded on the NSE with the code UNIVASTU, and this new project is expected to enhance its order book and improve its position in the construction segment.
Key Highlights
Contract Value: Rs 74.60 crore (excl. GST)
Project: Construction of Chhatrapati Shivaji Maharaj Sports Complex
Client: Public Works Department (West), Satara
Location: Karad Municipal Council, Satara district, Maharashtra
Announcement Date: May 8, 2025
Expected Impact: Diversifies Univastu's portfolio and promotes regional sports infrastructure
Sources: Business Upturn, KnowYourGST
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