Ceinsys Tech Secures ₹41.26 Crore Contract from MHADA for GIS Platform
Ceinsys Tech Limited secured a contract worth ₹41.26 crore from MHADA for designing, developing, and maintaining a GIS platform. The project includes a 12-month implementation phase and a 36-month O&M support phase.
The contract value of over ₹41 crore is substantial and will contribute significantly to the company's top line and market position.
The company has received a significant new order, which is positive for its business growth and revenue.
Ceinsys Tech Limited has received an Acceptance Letter from Maharashtra Housing and Area Development Authority (MHADA) for its appointment as the agency responsible for the Design, Development, and Maintenance of an Integrated Project Management System, a 3D Urban Spatial Digital Model, and a Web-Based GIS Platform.
The contract is valued at ₹41,25,83,930 (Rupees Forty-One Crores Twenty-Five Lakhs Eighty-Three Thousand Nine Hundred Thirty Only), excluding taxes. This domestic contract with MHADA has an implementation period of 12 months, followed by an O&M and Support Phase of 36 months.
Ceinsys Tech Limited confirmed that the entity awarding the contract is a domestic entity and that the promoter, promoter group, or group companies do not have any interest in MHADA. The contract is not considered a related party transaction.
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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 high impact, which is the band that most often changes something.
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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.