Univastu India Limited has received a work order worth ₹391.76 crore, including GST, from Larsen & Toubro Limited, according to a regulatory filing dated January 16, 2026.
The order has been awarded under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The contract relates to Mumbai Metro Line 4 and its extension corridor, Line 4A, being developed for the Mumbai Metropolitan Region Development Authority.
The project has been classified as a domestic contract and forms part of the city’s ongoing metro rail expansion.
As per the disclosure, the scope includes the design, manufacture, supply, installation, integration, testing and commissioning of electrical and mechanical works. The execution component covers 22 stations and one depot under the main contract for the Line 4 and 4A corridor.
The work order also includes training, supply of spares, special tools, testing and diagnostic equipment, as well as jigs and fixtures required for maintenance and repair of electrical and mechanical systems.
In addition to execution, the contract includes long-term maintenance responsibilities. This comprises a 2-year defect liability maintenance period, followed by 5 years of comprehensive maintenance. The maintenance scope extends across a total of 32 stations on the main line and depot areas.
The design and build phase of the project is scheduled to be completed within 100 weeks. The company stated that the commencement date of the contract is November 27, 2025, in line with the timeline of the main contract awarded for the metro corridor.
The total consideration for the contract stands at ₹391.76 crore, inclusive of taxes. Univastu India Limited has clarified that there is no promoter or promoter group interest in Larsen & Toubro Limited. The company has also stated that the order does not fall under related party transactions.
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As of January 16, 2026, 12:42 pm, Univastu India share price was trading at ₹69.77, a 11.74% increase from the previous closing price.
The work order adds a metro-related project to Univastu India Limited’s existing contracts, with execution and maintenance activities over multiple years and defined timelines outlined in the regulatory filing.
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Published on: Jan 16, 2026, 2:23 PM IST
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