Ceinsys Tech Limited Receives Acceptance Letter from MHADA for Project Management System
Ceinsys Tech Limited announced it has received an acceptance letter from the Maharashtra Housing and Area Development Authority (MHADA) for a project involving the design, development, and maintenance of an integrated project management system and 3D urban spatial digital model. The project also includes a web-based GIS platform for MHADA.The contract, awarded through E-tender ID: 2026_MHADA_1270506_1, is valued at Rs. 41,25,83,930 (Rupees Forty-One Crores Twenty-Five Lakhs Eighty-Three Thousand Nine Hundred Thirty Only), excluding taxes. The implementation phase of the project is slated for 12 months, followed by a 36-month operations and maintenance support phase.
According to an annexure detailing the terms, the entity awarding the order is a domestic entity. Furthermore, neither the promoter nor any promoter group has an interest in MHADA, and the transaction is not considered a related party transaction.
| Particulars | Details | |
|---|---|---|
| a. | Name of the entity awarding the order(s)/contract(s) | Maharashtra Housing and Area Development Authority (MHADA) |
| b. | Significant terms and conditions of order(s)/contract(s) awarded, in brief | Letter from MHADA for Appointment of our company as Agency for Design, Development and Maintenance of Integrated Project Management System and 3D Urban Spatial Digital Model and Web Based GIS Platform for MHADA as per E-tender vide Tender ID: 2026_MHADA_1270506_1 |
| c. | Whether order(s) / contract(s) have been awarded by domestic/ international entity | Domestic Entity |
| d. | Nature of order(s) / contract(s) | Appointment of our company as Agency for Design, Development and Maintenance of Integrated Project Management System and 3D Urban Spatial DigitalModelandWebBasedGIS Platform forMHADA |
| e. | Whether Domestic or International | Domestic |
| f. | Time period by which the order(s)/contract(s) is to be executed | Implementation: 12 Months O&Mand Support Phase: 36 Months |
| g. | Broad consideration or size of the order(s)/contract(s) | Rs. 41,25,83,930/- (Rupees Forty-One Crores Twenty-Five Lakhs Eighty-Three Thousand Nine Hundred Thirty Only) excluding Taxes. |
| h. | Whether the promoter/ promoter group/group companies have any interest in the entity that awarded the order(s)/contract(s)? If Yes, nature of interest and details thereof | No |
| i. | Whether the order(s)/contract(s)would fall within related party transactions? If yes, whether the same is done at 'arm's length' | Not a related party and hence issue of Arm's length is not applicable. |
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