Ceinsys Tech Ltd receives extension for projects from Uttar Pradesh government

Ceinsys Tech Limited has been awarded further extension letter up to December 31, 2024, for two of the major projects from State Water and Sanitation Mission (SWSM), Uttar Pradesh as Consultant for Third Party Inspection (TPI) and Monitoring of Physical and Financial Progress through a Quality and Cost Based Selection (QCBS) process for various Rural Water Supply Projects for two clusters viz. Lucknow and Devipatan.

This is the second extension to the existing order for two clusters viz. Lucknow and Devipatan, the Company had received from State Water and Sanitation Mission (SWSM), Uttar Pradesh in FY 2021-22 and the size of the orders/contract shall depend on contractor's actual execution value during project duration.

The Company had earlier received Letter of Award from State Water and Sanitation Mission (SWSM), Uttar Pradesh for Selection and Appointment of Consultant for Third Party Inspection (TPI) and Monitoring of Physical and Financial Progress through a Quality and Cost Based Selection (QCBS) process for various Rural Water Supply Project for cluster at Devipatan in the Financial year 2021-22 which was extended upto June 15, 2024. The Company has now received further extension and the size of the orders/contract shall depend on contractor's actual execution value during project duration.

Shares of Ceinsys Tech Ltd was last trading in BSE at Rs. 519.05 as compared to the previous close of Rs. 498.70. The total number of shares traded during the day was 52824 in over 742 trades.

The stock hit an intraday high of Rs. 523.45 and intraday low of 486.20. The net turnover during the day was Rs. 27014836.00.

Source : Equity Bulls

Keywords

CeinsysTech INE016Q01014 ProjectExtension UttarPradesh