C.E. Info Systems Limited has informed the Exchange about Bagging/Receiving of orders/contracts
MAPMYINDIA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
MapmyIndia has won a new project valued at approximately Rs. 233 Crores (around USD 27 Million) from an international private sector corporate client whose name has not been disclosed due to competitive sensitivity. The contract involves map data licensing for domestic business use, to be executed over a 7-year period starting immediately. The company has confirmed this is not a related party transaction and promoters have no interest in the awarding entity. The order strengthens MapmyIndia's international client portfolio and provides long-term revenue visibility.
This is a sizeable order win that meaningfully adds to the company's order book and provides 7 years of revenue visibility. The international client and USD-denominated payment also diversify the company's revenue base in foreign currency, which is positive for shareholders.