Ceinsys Tech Secures Rs 16.9 Crore Contract to Supply AMR Water Meters to Bhandara Municipal Council
Ceinsys Tech Limited has secured a contract from the Bhandara Municipal Council for the supply, installation, and commissioning of Consumer Domestic Ultrasonic / Electromagnetic AMR Water Meters under the Amrut-2.0 project. The total value of the work awarded is Rs 16,90,52,450/- (Rupees Sixteen Crores Ninety Lakhs Fifty-Two Thousand Four Hundred and Fifty Only).The contract outlines the scope of work involving the supply and installation of these specialized water meters for the municipal council. The agreement has been granted a timeline of 12 months for execution.
Details regarding this domestic contract have been summarized below:
| Particulars | Details |
|---|---|
| Entity awarding the order | Bhandara Municipal Council, Bhandara, Maharashtra. |
| Nature of work | Supply, Installation and Commissioning of Consumer Domestic Ultrasonic / Electromagnetic AMR Water Meter Under Amrut-2.0. |
| Contract value | Rs 16,90,52,450/- |
| Execution period | 12 Months |
The agreement confirms that the Bhandara Municipal Council is a domestic entity and that Ceinsys Tech Limited has no interest in the awarding entity, confirming that the transaction is not a related party transaction.
CEINSYS Stock Price Movement
Today, Ceinsys Tech Limited shares rallied to close at ₹861.65 after the stock edged higher by 3.83% in post-market trading. During the session, the equity traded within a solid range, hitting a high of ₹874.5 and finding a floor near ₹831.8.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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