Ceinsys Tech bags Rs 20.85 Cr Georgia LIS order from MEPA

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-2.6%1-day move

₹1096.90

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₹1096.40

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AI summary

Ceinsys Tech, in a JV with Magnasoft Consulting India and GIS/RS Consulting Centre GeoGrapic LLC, received a Letter of Acceptance from Georgia's Ministry of Environmental Protection and Agriculture (MEPA) for the Design, Supply and Installation of the Georgia Land Information System (LIS). Contract value is Rs. 20.85 crore (approx. USD 2.2 million) including taxes. Implementation timeline is 8 months with 32 months of AMC. The order is international, with no promoter or related party interest.

Likely market impact

Adds international government revenue visibility and strengthens overseas geospatial/LIS business. Modest order size, but strategically positive for growth.