CALCULATE YOUR SIP RETURNS

Ceinsys Tech Share Price Surges on ₹114.98 Crore Project from MMRDA

Written by: Team Angel OneUpdated on: 8 Jul 2025, 9:32 pm IST
Ceinsys Tech share price surges on LoA from MMRDA for a ₹114.98 crore project to serve as System Integrator for monitoring infrastructure initiatives using IDDP.
Ceinsys Tech Share Price Surges on ₹114.98 Crore Project from MMRDA
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

Ceinsys Tech Limited, a prominent technology solutions provider, has announced the receipt of a significant Letter of Award (LoA) from the Mumbai Metropolitan Region Development Authority (MMRDA). This award, valued at ₹114.98 crore (excluding GST), involves the selection of Ceinsys as the System Integrator (SI) for monitoring infrastructure projects using IDDP (Infrastructure Data-Driven Platform). 

The intimation was made to BSE under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements.

MMRDA Project Details

The Letter of Award pertains to a domestic contract awarded by MMRDA. The scope includes the complete implementation of a system to monitor various infrastructure projects under MMRDA’s purview. As part of the terms, Ceinsys will be responsible for the implementation over a one-year period, followed by three years of operations and maintenance, totalling a project span of 4 years.

The total consideration for the project stands at ₹1,14,98,66,659, excluding applicable taxes. The contract strictly involves monitoring activities using the IDDP framework, with no promoter or group company interests involved. Additionally, the transaction does not fall under related party arrangements, and hence, the issue of arm’s length does not arise.

Ceinsys Tech Q4 FY25 Results

In the fourth quarter ending March 2025, the company reported a near-doubling of its consolidated net profit, which surged 88.37% to ₹21.87 crore, up from ₹11.61 crore in the prior year's comparable quarter. This impressive performance was complemented by an 81.92% year-over-year increase in revenue, hitting ₹142.39 crore.

About Ceinsys Tech

Ceinsys Tech, a Nagpur-based Meghe group company, offers diverse technology solutions designed to empower businesses. Their services encompass geospatial engineering, mobility engineering, and robust enterprise solutions. The company structures its operations into three key areas: enterprise geospatial & engineering services (EGES), software products, and power generation.

Read More: HCLSoftware Unveils Sovereign AI for Enhanced Government Data Privacy!

Ceinsys Tech Share Price Performance 

As of July 8, 2025, at 3:10 PM, Ceinsys Tech share price is trading at ₹1,494, reflecting a surge of 0.44% from the previous day's closing price.

Conclusion

This prestigious contract highlights Ceinsys Tech’s growing presence in the public infrastructure technology space and reinforces its capability to implement large-scale digital monitoring systems. The long-term nature of the project indicates a sustained collaboration with MMRDA and underlines the increasing importance of tech-driven infrastructure governance in India.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jul 8, 2025, 4:02 PM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

Know More

We're Live on WhatsApp! Join our channel for market insights & updates

Open Free Demat Account!

Join our 3 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 3 Cr+ happy customers