Intimation for receipt of Work order from Vasai Virar Municipal Corporation
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Awaiting price reaction for this filing.
Ceinsys Tech Ltd has secured a work order worth Rs. 12.21 crore from Vasai Virar City Municipal Corporation. The scope involves preparing a Detailed Project Report and serving as Project Management Consultant for Sewage Treatment Plant (STP) projects at Vasai Road (E), Navghar Zone-5, and Vasai Village Zone-7. The contract is domestic in nature with a tentative time period of 3.5 years. The promoter group has no interest in the awarding entity, and this is not a related party transaction.
This is a moderate-sized government infrastructure order that adds to Ceinsys Tech's order book in the urban water and sanitation segment. Positive for revenue visibility over the ~3.5 year execution period, though the Rs. 12.21 crore size suggests limited immediate impact on stock price.