Shares of Univastu India Limited rallied sharply, jumping over 16% in trade after the company announced a major domestic order win linked to the Mumbai Metro network. The rally came after Univastu disclosed that it has received a work order dated January 15, 2026, from Larsen & Toubro Limited, one of India’s largest engineering and construction companies.
The contract relates to the Mumbai Metro Line 4 and its extension corridor 4A, being developed for the Mumbai Metropolitan Region. Under the order, Univastu India will undertake the design, manufacture, supply, installation, integration, testing and commissioning of electrical and mechanical works for the project. The scope also includes long-term maintenance commitments, making the order strategically important from a revenue visibility perspective.
The project covers electrical and mechanical works for metro stations and a depot along the Line 4 and 4A corridor. In addition to execution, the contract includes a two-year Defect Liability Maintenance Period followed by five years of Comprehensive Maintenance. The scope further extends to training, supply of spares, special tools, testing and diagnostic equipment, as well as jigs and fixtures required for maintenance and repair activities.
The total order value stands at ₹391.76 crore, including GST. Execution of the design and build portion is scheduled over 100 weeks, while the long-term maintenance component stretches across seven years in total. The commencement date of the contract is aligned with the main project timeline and is set for November 27, 2025.
