Ceinsys Tech's Joint Venture Secures Order Worth INR209 Million

MT Newswires Live04-29

Geospatial company Ceinsys Tech (BOM:538734) has received an acceptance letter for an order worth 208.5 million Indian rupees from the Ministry of Environmental Protection and Agriculture of Georgia, according to a BSE filing on Wednesday.

The contract has been secured by the company's joint venture with Magnasoft Consulting India, GIS, and RS Consulting Centre GeoGrapic.

The order is for the execution of the design, supply, and installation of the Georgia Land Information System. The project will be implemented in eight months and will have an annual maintenance contract of 32 months.

The company's shares were down nearly 1% in recent trade.

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