Career Point Edutech bags Rs 18.15 Cr work order from Maharashtra govt body
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Career Point Edutech Ltd secured a Rs 18.15 crore work order from MAHAJYOTI, an autonomous institute under the Maharashtra government. The contract covers online coaching for 11th JEE/NEET/CET exams for 3000 students, including live lectures, mentoring, study material, and tablets with data. Valid for two years, extendable by two more. Payments are milestone-based. No promoter or related party interest.
Adds a new government-backed revenue stream from Maharashtra. Positive for the stock as the order is sizable and extendable.