Ceinsys Tech Secures Extension for Rs. 12 Crore MSRDC Project
Filing Summary
Ceinsys Tech Ltd has received an extension for its contract with MSRDC Tunnel Limited for the implementation of a Digital Project Management System for the Mumbai Pune Expressway Missing Link project. The contract, valued at approximately Rs. 12 Crore excluding GST, involves the supply, implementation, and support of a digital project management platform. This extension follows previous agreements in FY 20-21 and FY 22-23. The project is scheduled to continue until March 31, 2026. There is no related party transaction involved, and the promoter group has no interest in MSRDC Tunnel Limited.
Ceinsys Tech Ltd has announced an extension of its contract with MSRDC Tunnel Limited for the implementation of a Digital Project Management System for the Mumbai Pune Expressway Missing Link project. The extension is valued at Rs. 12,06,17,194 excluding GST and is set to continue until March 31, 2026.
The contract involves Ceinsys Tech acting as the System Integrator for the supply, implementation, and support of a digital project management platform. This includes the integration of 5D-BIM, ERP, and GIS systems, as well as the establishment of an Owner’s support office for the project. This extension builds upon previous agreements made in FY 20-21 and FY 22-23.
The order from MSRDC Tunnel Limited is domestic, and there is no involvement of international entities. The extension does not constitute a related party transaction, and the promoter group of Ceinsys Tech has no interest in MSRDC Tunnel Limited.
MSRDC Tunnel Limited is involved in infrastructure projects, focusing on the development and management of roadways and tunnels. The company collaborates with various partners to enhance transportation infrastructure in the region.
Ceinsys Tech Ltd specializes in providing technology-driven solutions, focusing on digital project management and system integration. The company aims to deliver comprehensive digital platforms for infrastructure projects, enhancing operational efficiency and project management capabilities.