Ceinsys Tech Limited has informed the Exchange about Bagging/Receiving of orders/contracts - Intimation for receipt of Purchase Order by Technology Associates Inc. Wholly Owned Subsidiary of the company

Export Order Hard CurrencyBusiness Updates View source PDF

CEINSYS · price

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+1.6%1-day move

₹935.40

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₹942.90

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AI summary

Ceinsys Tech's US-based wholly-owned subsidiary, Technology Associates Inc., has received a Purchase Order from Emotiv Mobility, LLC, USA. The order is for beta development of a Hybrid Power Transfer Case (HPTC) and is worth Rs 4.07 crore (approximately US $ 4,28,550). The order is to be executed within 4 months. This is an international export order denominated in US dollars, indicating the company is expanding its services to a US-based client.

Likely market impact

The order represents new business for the company's US subsidiary and brings in foreign currency revenue. While the value is modest, it demonstrates Ceinsys Tech's ability to secure international contracts. The beta development nature suggests this could lead to further orders if the product meets client expectations.