Career Point Edutech Secures Rs 17,60,50,000 Work Order from Government Institute in Maharashtra
Career Point Edutech Limited has secured a significant contract valued at Rs 17,60,50,000/- (approximately ₹17.6 Crore) from the Mahatma Jyotiba Phule Research and Training Institute (MAHAJYOTI), an autonomous institute of the Government of Maharashtra. The work order was awarded on July 28, 2026.The contract involves providing comprehensive online coaching services for 12th grade students preparing for JEE, NEET, and CET examinations. This domestic opportunity positions Career Point Edutech as a key provider in education technology services sponsored by the institute.
The scope of work is designed to support candidates from Other Backward Bahujan Welfare Department categories in Maharashtra. Services provided under the contract include online live interactive lectures, digital study materials, performance tracking, and offline mentoring sessions. Additionally, the company is tasked with providing tablets equipped with data connectivity where necessary. Payments for this project will be structured in installments linked to various course completion milestones.
Key details regarding the contract are summarized below:
| Aspect | Details |
|---|---|
| Awarding Entity | Mahatma Jyotiba Phule Research and Training Institute (MAHAJYOTI), Nagpur |
| Nature of Contract | Education online coaching services for 12th JEE/NEET/CET examinations |
| Contract Value | Rs 17,60,50,000/- for 3500 students |
| Duration | The work order is valid for two years and allows for extension for up to two additional years by mutual consent. |
| Transaction Type | Domestic entity award |
The engagement with MAHAJYOTI confirms the company’s standing as a domestic provider in the educational sector. The contract explicitly stipulates that there is no interest held by the promoter or promoter group companies in the awarding institution, and the services fall outside related party transactions.
CPEDU Stock Price Movement
Shares of Career Point Edutech Limited slipped today after market close, shedding 1.18% to settle at ₹194.20. The stock saw a trading volume of 10,766 shares during the day's session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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