Order Win / Contract Award
Ceinsys Tech Secures ₹20.85 Crore International GIS Project from Georgia Government
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CEINSYS
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Ceinsys Tech Limited, in joint venture, has received a Letter of Acceptance from the Ministry of Environmental Protection and Agriculture of Georgia for execution of a Land Information System (LIS) project worth ₹20.85 crore, marking a key international order win
PRICE-SENSITIVE TRIGGER
Event: Receipt of Letter of Acceptance (International Project)
Type: Order Win / Contract Award
Impact: Positive
Immediate Effect: Strengthens international order book and enhances presence in geospatial and GIS-based government projects
Key Metrics:
- Order Value: ₹20.85 crore (~USD 2.2 million)
- Execution Period: 8 months
- AMC Duration: 32 months
Highlight:
- Strategic international project in geospatial digital infrastructure
What Happened ?
Ceinsys Tech Limited announced that it has received a Letter of Acceptance from the Ministry of Environmental Protection and Agriculture of Georgia (MEPA).
The project involves design, supply, and installation of a Georgia Land Information System (LIS).
key highlights
Contract Scope & Execution:
- Client: Ministry of Environmental Protection and Agriculture (Georgia)
- Nature: GIS / Land Information System (LIS) project
- Scope:
- Design
- Supply
- Installation
- Contract structure: Joint venture (with Magnasoft Consulting India Pvt Ltd & GIS RS Consulting Centre GeoGraphic LLC)
- Geography: International
- Execution timeline: 8 months
- AMC support: 32 months
- Order value: ₹20.85 crore (~USD 2.2 million)
- No promoter group involvement
- Not a related party transaction
Note:
LIS projects are critical digital infrastructure for land governance, offering long-term engagement through AMC components.
Risk Analysis
Key Risks
- Execution risk in overseas geography
- Coordination risk within JV partners
- Currency fluctuation impact
- Government project dependency
- Payment cycle delays
Worst Case Scenario
- Delays or execution challenges in the international project could impact margins and working capital cycles
Risk Level: Medium
Company Commentary
- Secured international LIS project from Georgia government
- Strengthens global footprint in geospatial solutions
- Demonstrates capability in large-scale digital infrastructure projects
- Focus on execution through strategic JV partnerships
Official Exchange Filing: Ceinsys Tech Limited