Intimation for Letter of Award from Mumbai Metropolitan Region Development Authority
CEINSYS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ceinsys Tech Ltd has received a Letter of Award (LoA) from Mumbai Metropolitan Region Development Authority (MMRDA) for the Supply, Installation and Commissioning of Autodesk Architecture, Engineering and Construction Collection IC Commercial ELD. The contract is valued at Rs. 5.5 crore (Rs. 5,50,00,000) and is for a duration of 3 years. The order is from a domestic government entity and is not a related party transaction. The company will provide the disclosure details as required by SEBI's Circular dated July 13, 2023.
This is a positive order win from a reputed government authority, adding to the company's order book. However, at Rs. 5.5 crore, the contract is relatively small and may have a limited immediate impact on the stock price.