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Business Standard
08-07-2025
- Business
- Business Standard
Ceinsys Tech soars after securing Rs 115-crore LoA from MMRDA
Ceinsys Tech rallied 2.56% to Rs 1,521.10 after the company received a letter of award (LoA) worth Rs 114.99 crore from the Mumbai Metropolitan Region Development Authority (MMRDA). The contract is for the selection of a system integrator (SI) to monitor infrastructure projects using the integrated data and document platform (IDDP) for MMRDA. The project has a total duration of 4 years, comprising 1 year for implementation followed by three years of operations and maintenance. The company has confirmed that neither the promoter, promoter group, nor any group companies have any interest in the entity to which the order has been awarded. Further, the transaction does not fall under the category of related party transactions, and therefore, the question of it being conducted at arms length does not arise. Ceinsys Tech is primarily dealing in providing enterprise geospatial & engineering services and sale of software and electricity. The companys consolidated net profit jumped 88.4% to Rs 21.87 crore on 81.9% increase in revenue from operations to Rs 142.39 crore in Q4 FY25 over Q4 FY24.
Business Upturn
08-07-2025
- Business
- Business Upturn
Ceinsys Tech secures Rs 115 crore order from MMRDA for infrastructure monitoring projects
Ceinsys Tech Limited has announced that it has received a Letter of Award (LoA) from the Mumbai Metropolitan Region Development Authority (MMRDA). The contract, valued at ₹114.99 crore (excluding GST), is for the selection of a System Integrator (SI) to monitor infrastructure projects using the Integrated Data and Document Platform (IDDP). The contract is domestic in nature and will span four years—comprising one year for implementation and three years for operations and maintenance. This project marks a significant step in MMRDA's digital transformation journey and aims to streamline infrastructure project oversight through advanced monitoring technologies. The order holds strategic importance for Ceinsys Tech as it strengthens the company's position in the government tech solutions segment. There is no involvement of any related party or promoter interest in this transaction, and it does not fall under related party transactions. In the meantime, Ceinsys Tech shares opened at ₹1,486.90 and, at the time of writing, touched a high of ₹1,535.15 in today's trade, with the day's low at ₹1,478.00. The stock remains well below its 52-week high of ₹2,105.00 but significantly above the 52-week low of ₹500.00. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
