Ceinsys Tech Wins INR1.60 Billion Order for GIS Software Upgrade; Shares Down 3%

MT Newswires Live

09/24

Ceinsys Tech (BOM:538734) has received a letter of award worth 1.60 billion Indian rupees from Mumbai Metropolitan Region Development Authority, according to a Tuesday filing on BSE.

Shares of the company fell over 3% in recent trade.

The order is for upgrading and procuring ESRI ArcGIS software, a geospatial platform, under an enterprise agreement, the filing said.

The four-year order covers license delivery along with operations and maintenance support for 16 quarters following activation.

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