Ceinsys Tech has been awarded a significant contract by the Maharashtra Housing and Area Development Authority (MHADA) valued at ₹41,25,83,930, excluding taxes. The project involves the design, development, and maintenance of an Integrated Project Management System and a 3D Urban Spatial Digital Model, along with a Web-Based GIS Platform for MHADA.
The contract, which was secured through an e-tender process, identifies Ceinsys Tech as the agency responsible for implementing these advanced digital solutions. The project is set to be executed over a period of 12 months for implementation, followed by a 36-month phase dedicated to operations, maintenance, and support.
This domestic contract highlights Ceinsys Tech’s growing presence in the digital solutions sector, particularly in the realm of urban development projects. The company has confirmed that there is no involvement of promoter or promoter group companies in the awarding entity, and the contract does not fall within related party transactions, thus negating any issues of arm’s length.
The awarding of this contract underscores MHADA’s commitment to leveraging technology for enhanced project management and urban planning. Ceinsys Tech’s role will be pivotal in delivering a comprehensive digital platform that supports MHADA’s objectives in urban development and housing management.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).