Ceinsys Tech Limited Receives International Purchase Orders from T Second Inc, USA Worth Over 316 Lakh USD
Ceinsys Tech Limited, along with its wholly owned subsidiary Technology Associates Inc., has secured international purchase orders from T Second Inc, USA. These contracts represent a significant business opportunity for the Company and its US subsidiary in applying AI tools and products to enterprise solutions and new generation technology applications overseas.The orders cover various high-tech areas, including NVME drives supply, AI-powered data processing, and advanced geospatial imagery repository services. The contracts were awarded following opportunities identified through a Teaming agreement between Ceinsys Tech Limited and T Second India Private Limited.
The total value of the purchase orders received stands at Rs 30,06,28,063.06, equivalent to $3,160,846.00 USD. The services mandated by these orders are set to be executed within two weeks from the date of the Purchase Order (PO).
The details of the purchase orders received for Ceinsys Tech Limited and Technology Associates Inc. are summarized below:
| Company | Purpose/Service Detail | Amount Received (INR) | Amount Received (USD) |
|---|---|---|---|
| Ceinsys Tech Limited | NVME drives supply | Rs 27,70,50,294.06 | $ 2,912,946.00 |
| Ceinsys Tech Limited | AI-powered building/road extraction and encroachment and asset monitoring using BRYCK AI platform | Rs 1,54,93,419.00 | $ 162,900.00 |
| Technology Associates Inc | Enterprise Geospatial Imagery Repository and AI Feature Extraction | Rs 80,84,350.00 | $ 85,000.00 |
| Total | Rs 30,06,28,063.06 | $ 3,160,846.00 |
The orders received from T Second Inc, USA, mark a strong step for the Company in expanding its presence in overseas markets and strengthening its capabilities in advanced AI applications. These engagements are derived from opportunities within hardware supply, solution development, AI/ML capabilities, technology solutions, and joint strategic working areas.
CEINSYS Stock Price Movement
On Friday, Ceinsys Tech Limited shares edged higher through the session, closing at ₹920.6 after gaining ₹20.10, which represented a 2.22% climb. The equity saw healthy activity in the market, with a total traded volume registering at 40,408 shares.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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