Univastu India Bags Two Major Sports Infra Projects in Maharashtra
Univastu India Limited, a key player in India’s infrastructure and EPC sector, has won two major sports infrastructure contracts in Maharashtra. Secured through competitive bidding, these projects support India’s preparations to host the upcoming Olympic Games and represent a significant stride in developing world-class athletic facilities in the state.
The first project involves the construction of the Chhatrapati Shivaji Maharaj Sports Complex in Karad, awarded by the Public Works Department (West), Satara. Valued at ₹88.03 crores, the project will be developed for the Karad Municipal Council and is expected to be completed within a 24-month timeline, excluding monsoon interruptions. The second project pertains to the construction of the *Divisional Sports Complex at Jalgaon, commissioned by the Divisional Sports Complex Committee. This project carries a contract value of ₹244.31 crores and is slated for completion in 36 months, excluding the monsoon period.
Commenting on the development, Pradeep Khandagale, Chairman & Managing Director of Univastu India Limited, stated, “These state-of-the-art facilities are more than just construction projects; they are an expression of India’s Olympic aspirations. We are proud to contribute to India’s sporting infrastructure, which will not only serve seasoned athletes but also empower local talent and promote grassroots development.”
This announcement comes on the back of strong financial performance by the company. For the financial year ending March 31, 2025, Univastu reported a consolidated revenue of ₹17,117.78 lakhs, marking a substantial rise from ₹12,061.41 lakhs in FY24. Net profit for the same period surged to ₹1,551.26 lakhs, up from ₹1,000.43 lakhs in the previous fiscal year. The company also reported an improvement in earnings per share (EPS), which increased to ₹8.68 in FY25 from ₹6.27 in FY24—reflecting both operational efficiency and robust order execution.
