Ceinsys Tech’s stock jumped 9% after the company secured a work allocation letter from the State Water and Sanitation Mission (SWSM), Maharashtra, for Phase II of the Jal Jeevan Mission.
The Rs. 330 crore project will implement Internet of Things (IoT) solutions across 18 districts in Nashik, Amravati, and Chhatrapati Sambhaji Nagar regions.
This follows an earlier Rs. 331.61 crore Letter of Award (LoA) received on October 9, 2024. Ceinsys Tech will deploy a centralized IoT platform to improve water supply management, enhancing real-time monitoring and ensuring efficient water resource management. This initiative supports the government’s goal to provide sustainable and clean water access to rural households in Maharashtra.
As of 3:08 pm, Ceinsys Tech stocks were trading 8.08% higher at Rs 1,620.00 on the NSE.
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