Ceinsys Tech Secures ₹28.17 Crore Order from Rite Water Solutions
Ceinsys Tech Limited received a Letter of Award from Rite Water Solutions (India) Limited for ₹28.17 Crore. The project involves design, supply, installation, testing, and commissioning of equipment for 125 electrical substations, with a 2-year warranty. Execution and warranty period is 48 months.
The order value of ₹28.17 crore is material for the company and is expected to contribute to revenue over the next 48 months.
The company has secured a significant new order, which is positive for its business outlook.
Ceinsys Tech Limited has announced the receipt of a Letter of Award from Rite Water Solutions (India) Limited. The award is for the Design, Supply, Installation, Testing & Commissioning of Station RTU, FRTU/ Remote IO modules, and other allied equipment for 125 Electrical Substations. This project aims to provide visibility to SLDC & ALDC and includes a 2-year warranty.
The total value of the contract amounts to ₹28,17,42,382.20 (Rupees Twenty-Eight Crores Seventeen Lakhs Forty-Two Thousand Three Hundred Eighty-Two and Twenty Paise Only), excluding GST. The execution of this order is expected to be completed within 48 months, comprising 24 months for execution and an additional 24 months for warranty.
Rite Water Solutions (India) Limited is a domestic entity, and Ceinsys Tech Limited has confirmed that there is no interest of promoters or promoter group in the awarding entity, nor does the contract fall under related party transactions.
What to do with a filing like this
Ceinsys Tech Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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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.