Samyag

Corporate Actions

Back

Ceinsys Tech gains on bagging Rs 67-cr MP Government Contract for PMAY-U Project

10-Jul-26 09:29 Hrs IST

The order is for providing manpower services under the Pradhan Mantri Awas Yojana (Urban) ' Beneficiary Led Construction (BLC) vertical in the state.

The contract, awarded by a domestic government entity, is for a period of three years and is valued at ₹67.04 crore.

Under the mandate, Ceinsys Tech will serve as the selected manpower agency for the implementation of the PMAY (Urban)'BLC vertical across Madhya Pradesh.

The company said neither its promoters nor promoter group companies have any interest in the awarding authority. It also clarified that the contract does not qualify as a related-party transaction, and therefore the question of arm's-length pricing does not arise.

Ceinsys Tech is primarily dealing in providing enterprise geospatial & engineering services and the sale of software and power generation. The company's consolidated net profit zoomed 70% to Rs 37.17 crore on a 19.9% rise in revenue from operations to Rs 170.71 crore in Q4 FY26 over Q4 FY25.

Powered by Capital Market - Live News

Attention Investors:

Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. || Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. || Pay 20% upfront margin of the transaction value to trade in cash market segment. || Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard. || Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month. || KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. || No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account.