Ceinsys Tech has announced the receipt of a significant service order from the Indian Space Research Organisation (ISRO) valued at Rs 3,24,50,000, inclusive of GST. The order pertains to the renewal of a three-year subscription for the Product Design & Manufacturing Collection Commercial Multi-user service.
The service order, awarded by ISRO, is a domestic contract focused on renewing the subscription for a multi-user product design and manufacturing collection. This renewal underscores Ceinsys Tech‘s ongoing collaboration with ISRO and highlights its capabilities in delivering specialised technological solutions.
The contract is set to be executed over a period of three years, ensuring continued support and service for ISRO’s product design and manufacturing needs. The order does not involve any related party transactions, as confirmed by Ceinsys Tech, and there is no interest from the promoter group in the entity awarding the contract.
This development is a testament to Ceinsys Tech’s expertise in the field and its ability to secure significant contracts with prominent national organisations like ISRO.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).
This article is written by Yash Agarwal and reviewed by Aman Shukla before publication.