Intimation for receipt of Letter of Award from Mumbai Metropolitan Region Development Authority
CEINSYS · price
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Awaiting price reaction for this filing.
Ceinsys Tech has received a Letter of Award from Mumbai Metropolitan Region Development Authority (MMRDA) worth INR 15.95 crores (excluding GST). The contract is for upgradation and procurement of ESRI ArcGIS Software Products Enterprise Agreement at MMRDA. The order runs for 4 years, covering license delivery and operations & maintenance support for 16 quarters after license activation. MMRDA is a domestic government entity, and the order is not a related-party transaction.
This is a meaningful new order from a reputable government body that strengthens Ceinsys Tech's order book and provides multi-year revenue visibility. Positive for sentiment, though the stock reaction will depend on the company's overall revenue base and execution track record.