Civil construction company receives Rs 28,08,40,000 work order of Net Zero Project from Varanasi Development Authority

DSIJ Intelligence-1 / 22 Jul 2025/ Categories: Mindshare, Trending

Civil construction company receives Rs 28,08,40,000 work order of Net Zero Project from Varanasi Development Authority

The stock is up by up over 70 per cent from its 52-week low of Rs 164 per share.

Univastu India Ltd's joint venture, Univastu Bootes Infra LLP, in which Univastu India Limited holds a 51 per cent stake, has secured a significant "Net Zero Project" contract. This domestic order, awarded by the Varanasi Development Authority, is for the design and construction of the Varanasi Community Center at the Lalpur residential scheme, phase 1. The comprehensive project includes master planning, civil structure, MEP (Mechanical, Electrical and Plumbing), networking, interior design, net zero solutions, finishing, sustainable building elements, lighting, landscaping and road network works.

The total contract value for this project is Rs 28,08,40,000, which includes 18 per cent GST amounting to Rs 4,28,40,000. The core contract value before GST is Rs 23,80,00,000. The project is slated for completion within 12 calendar months from the work order date of July 19, 2025, meaning it should be executed by July 18, 2026. This substantial order highlights Univastu India Ltd's involvement in sustainable infrastructure development.

About the Company

Established in 2009, Univastu India Ltd is active in the construction industry. Holding multiple certifications like ISO 9001, 18001 and 14001, along with top-tier PWD and CIDCO classifications, the company provides integrated engineering, procurement and construction services for civil, structural and infrastructure projects secured from government and private agencies. They are also involved in trading construction materials such as steel, cement and electrical supplies.

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Univastu India Ltd's primary focus areas include diverse civil construction projects like metro stations, sports complexes, hospitals and educational institutions, alongside water supply, drainage, road and bridge projects. Their past projects include an indoor sports complex in Goa and a hospital in Bhosari. Clients include CIDCO and the Sports Authority of Goa and the company regularly bids on government tenders.

The company has a market cap of over Rs 300 crore and has delivered good profit growth of 19.4 per cent CAGR over last 5 years with the debtor days have improved from 43.7 to 15.4 days. The stock is up by up over 70 per cent from its 52-week low of Rs 164 per share.

Disclaimer: The article is for informational purposes only and not investment advice.