Announced Sat, 22 Aug · 18:37 IST
Ceinsys Tech: Maharashtra govt cancels part of water IoT orders worth Rs.112 Cr
CEINSYS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Maharashtra's SWSM cancelled 617 ZP schemes under Jal Jeevan Mission due to exhausted IoT funds. Ceinsys Tech's pending order value drops by Rs.112.42 Crores. No impact on revenue already booked. Pending order book remains healthy at Rs.865 Crores. Original orders were Rs.248.39 Cr (Oct 2023) and Rs.331.61 Cr (Oct 2024).
Likely market impact
Negative: partial order cancellation worth about 11 percent of prior pending book. Management cites healthy remaining order book and no past revenue hit.