MUMBAI, May 10, 2025 — Univastu India Limited (NSE: UNIVASTU) has announced the receipt of a significant work order worth ₹74.60 crore (excluding GST) from the Public Works Department (West), Satara. The order pertains to the construction of the Chhatrapati Shivaji Maharaj Sports Complex for the Karad Municipal Council, located in the Karad district of Maharashtra’s Satara region.
Key Project Details
| Particulars | Details |
|---|---|
| Client | Public Works Department (West), Satara |
| Project Name | Chhatrapati Shivaji Maharaj Sports Complex |
| Location | Karad, District Satara, Maharashtra |
| Contract Value (Excl. GST) | ₹74,60,20,000 |
| Order Date | May 5, 2025 |
| Date of Receipt (via email) | May 8, 2025 |
| Execution Timeline | 24 months (excluding monsoon periods) |
| Nature of Contract | Domestic, Government Infrastructure Project |
| Related Party Transaction | No |
| Promoter Group Interest | None |
Strategic Significance
This infrastructure development aligns with Univastu India’s ongoing efforts to strengthen its presence in public sector construction contracts, particularly in Maharashtra. The project is expected to boost the company’s revenue pipeline over the next two financial years and enhance its execution portfolio in urban sports infrastructure.Management Commentary
The disclosure was signed off by Ms. Sakshi Tiwari, Company Secretary of Univastu India Ltd, who affirmed the receipt of the official order via email and assured compliance with SEBI (LODR) regulations.Outlook
With this order, Univastu continues to build a diversified project base across civic amenities and infrastructure segments. Investors will closely watch the execution milestones as the company progresses with the construction of this flagship sports complex.