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Ceinsys Tech’s Winning Streak Continues: MMRDA’s ₹55 Million Contract Ignites Growth Buzz


Updated: May 09, 2025 18:42

Image Source: Groww
Ceinsys Tech Ltd., one of the key players in geospatial and engineering solutions, has been awarded a Letter of Award by the Mumbai Metropolitan Region Development Authority (MMRDA) for a ₹55 million contract. This latest project victory reflects the increasing presence of the company in India's urban development and infrastructure space.
 
Key Highlights:
  • Fresh Order from MMRDA: Ceinsys Tech received a ₹55 million contract from the MMRDA, expanding its order book and solidifying its reputation as a reliable partner for public sector infrastructure projects.
  • Strategic Growth: The award follows on the heels of a series of major contract wins for Ceinsys Tech, including a recent ₹113.9 million (₹11.39 crore) work order from the Vasai Virar Municipal Corporation for project management consultancy services in urban drainage systems. These consecutive wins reflect the company's strategic efforts to grow its presence in municipal and state-level infrastructure projects.
  • Strong Growth Path: Ceinsys Tech has shown strong growth, returning more than 800% multibagger returns over the past three years and drawing strong investor attention. The company's growing portfolio now covers project management, IoT deployment, and system integration for mega government projects.
  • Industry Reputation: With a market capitalization of ₹2,750 crore and a track record of operational transparency and regulatory compliance, Ceinsys Tech is poised to take advantage of India's infrastructure boom.
This newest MMRDA contract not only strengthens Ceinsys Tech's order book, but also solidifies its position as an important technology and engineering collaborator in India's urban renewal.
 
Sources: India Filings Digest, DSIJ

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