Intimation for receipt of letter of intent from Nashik Municipal Corporation
CEINSYS · price
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Ceinsys Tech Ltd has received a Letter of Intent from Nashik Municipal Corporation to act as Project Management Consultancy for the Improvement of Sewage Management System in Nashik City, aimed at preventing pollution in the river Godavari. The project will be executed on a PPP-HAM (Public-Private Partnership - Hybrid Annuity) Model. The total contract value is Rs. 5,80,92,000 (approximately Rs. 5.81 crore) and the time period associated is one year. The order has been awarded by a domestic government entity and is not a related party transaction.
This adds a small but meaningful government-backed order to Ceinsys Tech's order book, with the PPP-HAM structure potentially offering annuity-style recurring revenue. However, given the relatively modest size of the contract, the immediate stock price impact is likely to be limited.