Univastu JV Metro Viaduct Work Order ₹229.97 Crore From Maharashtra Metro Rail Corporation; Shares Rise 5.90%

Mumbai, March 10: Univastu India Limited informed exchanges on Tuesday that its joint venture entity T & T Univastu JV has received a metro infrastructure contract from Maharashtra Metro Rail Corporation Limited for works related to the Pune Metro Rail Project, prompting the company’s shares to rise 5.90% to ₹65.50 as of 3:30 PM IST on March 10, 2026, according to exchange data.

Metro Infrastructure Contract Award Details

The company disclosed the development in a regulatory filing submitted under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 dated March 10, 2026.

According to the disclosure, T & T Univastu JV, a joint venture in which Univastu India Limited holds a 35% stake and T & T Infra Limited holds 65%, received the work order dated 9 March 2026 from Maharashtra Metro Rail Corporation Limited.

The project involves design and construction of an elevated metro viaduct measuring 1.123 kilometres along with two metro stations at Kothrud Bus Depot and Chandani Chowk. The scope also includes construction of a first level integrated double decker flyover at Kothrud Depot and a foot overbridge connecting the corridor to the National Highway for the Vanaz to Chandani Chowk section of Line 2A of the Pune Metro Rail Project.

Additional infrastructure components include stabilising lines at the Bhakti Shakti end of the PCMC Nigdi corridor, as stated in the exchange filing.

The total contract value stands at ₹229,97,94,008 including GST at 18%. Based on the JV shareholding structure, Univastu India Limited’s portion of the project value amounts to ₹80,49,27,903 while T & T Infra Limited’s share corresponds to ₹149,48,66,105.

The company stated that the project is domestic in nature and execution is scheduled to be completed within 27 months in accordance with the timeline specified in the tender and bid documentation.

Share Price Reaction

Univastu India Limited shares moved higher during Tuesday’s trading session following disclosure of the project award.

The stock closed at ₹65.50, up ₹3.65 or 5.90% from the previous close of ₹61.85, according to market data. During the session the stock traded between ₹62.00 and ₹70.90.

The order announcement adds to the company’s infrastructure order pipeline linked to metro rail and urban mobility projects. Market participants typically monitor such contract inflows for their potential effect on future revenue visibility and execution backlog.

Company Background

Univastu India Limited operates in engineering, procurement and construction activities with a focus on infrastructure, industrial construction and specialised structural works.

The company undertakes projects across transportation infrastructure, including metro rail systems, bridges, elevated corridors and urban development works. Its project portfolio includes public sector and government backed infrastructure assignments across multiple Indian states.

Participation through joint venture structures is a common model in large infrastructure tenders, allowing companies to combine technical capability, financial capacity and project execution resources when bidding for complex urban transport projects.

Conclusion

The metro corridor contract from Maharashtra Metro Rail Corporation Limited strengthens Univastu India Limited’s infrastructure execution pipeline through its participation in T & T Univastu JV.

With execution scheduled over a 27-month period, the order adds medium-term revenue visibility tied to the Pune Metro expansion programme. Market reaction on March 10, 2026 reflected positive investor sentiment following the disclosure of the project award.

Source:

• https://www.nseindia.com/get-quote/equity/UNIVASTU/Univastu-India-Limited
• https://nsearchives.nseindia.com/corporate/UNIVASTU_10032026132243_WO_Vanaj_Final.pdf