BOM:538734

2 stories mentioning BOM:538734Updated 38d ago

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Ceinsys Tech's Joint Venture Secures Order Worth INR209 Million

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.

BOM:538734

Asia59d ago

Ceinsys Tech Invests Over $2 Million in US Subsidiary

Ceinsys Tech (BOM:538734, NSE:CEINSYS) has infused around $2.2 million in fresh equity into its wholly owned subsidiary Technology Associates Inc., USA, according to a Saturday filing on Indian bourses.Shares of the company fell over 1% in Monday's trade.The company subscribed to about 5,855 equity shares at an issue price of $369.04 per share, the filing said.The investment is part of a previously approved funding plan and will be used to support growth and funding requirements of the subsidiary, it added.

BOM:538734NSE:CEINSYS

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