Genesys International Secures ₹283 Crore Ahmedabad Digital Twin Contract
Genesys International secured a ₹283 crore contract from Ahmedabad Municipal Corporation to develop a 3D digital twin and spatial intelligence platform. The World Bank-funded project will map 625 sq. km and 25 lakh properties over two-and-a-half years.
The contract value of ₹283 crore is substantial and represents a major new business award for the company, likely to have a significant impact on its financials and market position.
The company has announced a significant new contract win, which is positive for its business outlook.
Genesys International Corporation Limited has been awarded a significant contract valued at ₹283 crore to develop a comprehensive Geographic Information System (GIS) 3D digital map platform for Ahmedabad. This World Bank-funded project is one of India's largest Digital twin Spatial intelligence contracts.
The scope of the project includes digitally mapping approximately 625 sq. km of Ahmedabad, covering land parcels, properties, roads, water networks, sewerage systems, storm water drainage infrastructure, and other critical civic assets. As part of the initiative, around 25 lakh properties will be surveyed, geocoded, and assigned unique digital identities, thereby creating a comprehensive property-level spatial database for the city.
The contract is expected to be executed over a period of two-and-a-half years. The Ahmedabad Municipal Corporation (AMC) is the entity awarding the contract, which is a domestic order. Genesys International Corporation Limited has confirmed that there is no conflict of interest or related party transaction involved in this award.
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Genesys International Corporation 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 Genesys International Corporation Limited. Read the original for the full detail.