Ceinsys Tech Ltd Receives Letter of Intent for Rs 67 Crore Manpower Agency Contract in Madhya Pradesh
Ceinsys Tech Limited has received a Letter of Intent dated July 9, 2026, securing the appointment as a manpower agency for a major project under the Pradhan Mantri Awas Yojana (Urban) scheme. The contract award is with the Directorate, Urban Administration & Development, M.P., Bhopal, and carries a total work value amounting to Rs 67,04,00,000/-.The Letter of Intent pertains to the Selection and Appointment of a Manpower Agency for the Beneficiary Led Construction (BLC) vertical within Madhya Pradesh. The contract is domestic in nature and has been awarded by the Directorate, Urban Administration & Development, M.P., Bhopal.
Ceinsys Tech Limited has secured this opportunity from the Department of Urban Administration & Development, which will oversee the execution of the work over a three-year period. The deal involves the provision of services related to the BLC vertical of the Pradhan Mantri Awas Yojana (Urban) scheme.
Details regarding the contract and awarded entity are summarized below:
| Particulars | Details |
|---|---|
| Entity Awarding Contract | Directorate, Urban Administration & Development, M.P., Bhopal |
| Nature of Contract | Selection and Appointment of Manpower Agency for Pradhan Mantri Awas Yojana (Urban) - BLC vertical in Madhya Pradesh |
| Total Consideration Value | Rs 67,04,00,000/- |
| Execution Timeline | 3 Years |
The contract has been reviewed to ensure there are no conflicts of interest, as the awarded entity is not related to Ceinsys Tech Limited.
CEINSYS Stock Price Movement
Today, shares of Ceinsys Tech Limited edged higher to close at ₹907.8, rising by 0.89% on the day. The stock traded within a tight intraday range, hitting a low of ₹899.05 and a high of ₹916.95, with total volume reaching 39,203 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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