Univastu India Limited Announces Revision of Contract Value Following Variation Order for Mumbai Metro Rail Project
Univastu India Limited has announced the receipt of a Variation Order concerning its work for the Mumbai Metro Rail Project. The Variation Order, dated May 27, 2026, relates to critical components of Line 6, spanning from Swami Samarth Nagar to Vikhroli (EEH).The project scope involves the 'Design, Manufacture, Supply, Installation, Integration, Testing and Commissioning of Power Supply & Traction, E & M, Lifts and Escalators, including 5 years of comprehensive maintenance after the 2 years of defect liability maintenance period.' The order was issued by IRCON International Limited.
The receipt of this variation increases the total contract value for Univastu India Limited.
The original contract, based on the Letter of Award (LOA) dated February 24, 2026, had a value of INR 485,67,40,122.15 and EURO 2,679,469.73 (excluding GST and Customs Duty). The Variation Order adds a total cost of INR 115,79,04,589.17 (excluding GST and Customs Duty).
The combined figures are detailed below:
| Description of the item | INR | Euro |
|---|---|---|
| Original Contract Value as per the LOA dated 24-02-2026 | 485,67,40,122.15 | 2.67947e+06 |
| The value of total Variation Order | 115,79,04,589.17 | 0 |
| Total Revised Contract Value (RCV) | 601,46,44,711.32 | 2.67947e+06 |
The total Revised Contract Value (RCV) stands at INR 601,46,44,711.32 and EURO 26,79,469.73, excluding GST and Customs Duty.
All other terms and conditions stipulated in the original Contract/LOA No. IRCON/e1500021/CA-233 LINE 6 MMRDA/ST/02/923 dated February 24, 2026, remain unchanged. The project timeline specifies a Design-Build Period of 104 weeks, followed by a Defect Liability Maintenance Period (DLMP) of 2 years from the Rate of Discharge (ROD), and comprehensive Maintenance for 5 years after the completion of the DLMP.
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