Ceinsys Tech Limited has informed the Exchange about Bagging/Receiving of orders/contracts
CEINSYS · price
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Ceinsys Tech Limited has received an acceptance letter from Maharashtra Housing and Area Development Authority (MHADA), a state government entity, appointing the company as the agency for Design, Development and Maintenance of an Integrated Project Management System, 3D Urban Spatial Digital Model, and a Web-Based GIS Platform. The contract is valued at Rs. 41.26 crore (excluding taxes). The project includes a 12-month implementation phase followed by a 36-month Operations & Maintenance and Support phase, totaling a 48-month contract period. The order is domestic in nature, awarded via E-tender, and is not a related party transaction. No promoter or group company has any interest in MHADA.
This is a sizeable government order worth Rs. 41.26 crore that strengthens Ceinsys Tech's order book and provides revenue visibility over the next ~4 years. Government contracts like this typically signal credibility and could be positive for the stock in the short term, though execution timelines and payment cycles from state entities should be watched.