After several days of selling, the Indian stock market appeared to be in recovery mode on Friday. Amidst this environment, positive news also came about some penny share companies. One such positive news is for Univastu India. Due to this news, the shares of this company rose by about 19 percent on the National Stock Exchange (NSE) and reached an intra-day high of ₹ 74 per share. However, the 52 week high of the share is Rs 115.12.
What is the positive news?
Univastu India has received work order from Larsen & Toubro (L&T) for Mumbai Metro Line 4 and Line 4A Project (MMRDA). In a stock exchange filing, the company said – We are pleased to inform you that ‘Univastu India Limited’ has received a work order from Larsen & Toubro Limited on January 15, 2026 for the design, fabrication, supply, installation, integration, testing and commissioning of electrical and mechanical works for Mumbai Metro Line 4 and Extension Corridor (4a) of MMRDA. The order also includes 5 years comprehensive maintenance followed by a Defect Liability Maintenance period of two years. Under the contract, Univastu will design, manufacture, supply, install, complete electrical and mechanical (E&M) works along with training, spare parts, special tools, testing/diagnostics equipment and maintenance fixtures, covering two stations and one depot. The contract also includes a long-term maintenance component: a two-year Defect Liability Maintenance Period (DLMP) followed by five years of Comprehensive Maintenance (CMP). Regarding this, the company said that this shows the revenue for many years. The value of the order is ₹391.76 crore. This includes Goods and Services Tax (GST).
about the company
Headquartered in Pune and incorporated in 2009, Univastu India is a construction and infrastructure development company in India. The company specializes in providing end-to-end engineering, procurement and construction (EPC) services across different sectors.
