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.
