Ceinsys Tech Secures ₹20.85 Crore Georgia Land Information System Contract
Ceinsys Tech Limited, in a joint venture, received an Acceptance Letter from Georgia's Ministry of Environmental Protection and Agriculture. The contract for the Georgia Land Information System (LIS) is valued at ₹20.85 crore. Implementation will take 8 months, followed by a 32-month AMC.
The contract value is substantial and contributes to the company's order book, impacting revenue and growth prospects.
The company has secured a new significant contract, which is a positive development.
Ceinsys Tech Limited, in a joint venture with Magnasoft Consulting India Private Limited and GIS and RS Consulting Centre GeoGrapic LLC, has received an Acceptance Letter from the Ministry of Environmental Protection and Agriculture of Georgia (MEPA).
The contract is for the Design, Supply, and Installation of the Georgia Land Information System (LIS). The total contract price is ₹20,85,16,017 (Twenty Crores Eighty-Five Lakhs Sixteen Thousand and Seventeen Only), which includes taxes and is equivalent to US $2,200,000.19.
The execution of the project is expected to take 8 months for implementation and will be followed by a 32-month Annual Maintenance Contract (AMC). This order has been awarded by an international entity, and it does not fall under related party transactions.
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See the model portfoliosA plain-language summary of a public exchange filing by Ceinsys Tech Limited. Read the original for the full detail.