Rs 1,000+ crore order book: IT software company receives order worth Rs 27,77,20,000 from Maharashtra Housing and Area Development Authority
The company has a market cap of over Rs 1,500 crore with multibagger returns of 240 per cent in just 1 year and a whopping 1,270 per cent in 5 years.
Today, shares of Ceinsys Tech Limited gained 9.13 per cent and made a new 52-week high of Rs 983 per share from its previous closing of Rs 900.75.
Ceinsys Tech Limited has secured a significant contract from the Maharashtra Housing and Area Development Authority (MHADA) to implement an integrated digital transformation system. The contract, valued at Rs 27,77,20,000, encompasses the design, development, and maintenance of various applications including a land management system, a digital project system with vendor management, a GIS-based mobile app, an SSO portal, a public website, and content management system. Additionally, the project will include training, capacity building, change management, and operation and maintenance for three years. This domestic contract is a testament to Ceinsys Tech's expertise in digital transformation and its ability to deliver large-scale projects.
CEINSYS TECH Ltd has secured significant contracts totalling over Rs 1000 crore, including a Rs 332 crore LOA from SWSM Maharashtra for IoT deployment in Jal Jeevan Mission projects and a Rs 29.2 crore LOA from CIDCO for drone surveys and GIS development. This growth is fueled by recent investments of USD 28 million, the acquisition of VTS, and the establishment of a subsidiary in the Asia Pacific region. CEINSYS aims to expand its presence in geospatial, engineering, and tech-enabled services, providing comprehensive solutions for large-scale projects in India and globally, contributing to sustainable development and technological advancement.
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About the Company
Ceinsys Tech Ltd is a 1998-founded enterprise specializing in geospatial and engineering services, software, and energy solutions. As an ISO and CMMI-certified company, it's part of the Meghe Group. Its core competencies include designing, managing and analysing geographic data, with a focus on energy systems, water management, product design and robotics. Ceinsys offers a range of services encompassing geospatial solutions like risk analytics, smart city planning and disaster management; as well as mobility solutions spanning from concept development to manufacturing engineering and electric vehicle technology.
The order book of the company as of September 30, 2024, stands over Rs 1,000 crore. The company has a market cap of over Rs 1,500 crore with multibagger returns of 240 per cent in just 1 year and a whopping 1,270 per cent in 5 years. Investors should keep an eye on this IT-software company’s stock.
Disclaimer: The article is for informational purposes only and not investment advice.