CEINSYSBSECeinsys Tech LtdMediumPositive
Announced Mon, 29 Sept · 23:09 IST

Intimation for receipt of Work orders from Maharashtra Remote Sensing Application Centre (MRSAC)

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Price reaction · full curve

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AI summary

Ceinsys Tech has secured work orders worth Rs. 3.18 crore (including GST) from Maharashtra Remote Sensing Application Centre (MRSAC), a state government body. The work involves Detailed Soil Survey and Mapping under the National Soil Mapping Programme (NSMP) for Gondia and part of Nashik district in Maharashtra. The project has a 4-month execution timeline. The company is already empaneled with MRSAC for this type of work, and the order has been awarded by a domestic entity with no related-party involvement.

Likely market impact

This is a modest-sized government order that adds to the company's order book but is unlikely to be a major stock-moving event on its own. It reinforces Ceinsys's positioning in government-led geospatial and remote sensing projects.