C.E. Info Systems Secures INR 110 Cr Project from IOCL
Filing Summary
C.E. Info Systems Ltd has received a project from Indian Oil Corporation Limited (IOCL) valued at approximately INR 110 crore. The project involves the development, customization, supply, implementation, and maintenance of a centralized vehicle tracking and management system. The contract spans five years and includes comprehensive provisioning and monitoring of IoT hardware, software, and services. This domestic contract does not involve any related party transactions. The project aligns with C.E. Info Systems’ strategic focus on expanding its technological solutions in the domestic market.
C.E. Info Systems Ltd has announced the receipt of a significant project from Indian Oil Corporation Limited (IOCL), valued at approximately INR 110 crore. The project was approved during the company’s board meeting held on November 10, 2025. This development was disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The financial terms of the project involve a comprehensive contract for the development and maintenance of a centralized vehicle tracking and management system. The project is valued at approximately INR 110 crore, which will be executed over a period of five years. The contract does not involve any related party transactions and is considered a domestic order.
Operationally, the project encompasses the development, customization, supply, implementation, and maintenance of a centralized vehicle tracking and management system for IOCL. It includes the pan-India provisioning and monitoring of IoT hardware, software, and services. Additionally, the project involves the operation of a 24×7 command center for monitoring, alerts, and reporting.
The timeline for the project is set at five years, during which C.E. Info Systems will be responsible for the comprehensive implementation and operation of the system. The project phases include the initial development and customization, followed by the supply and implementation of the system, and ongoing maintenance and monitoring.
The primary parties involved in this project are C.E. Info Systems Ltd and Indian Oil Corporation Limited. C.E. Info Systems will handle the technological aspects, including the development and maintenance of the system, while IOCL will be the recipient of the services provided under the contract.
This project is significant in the context of C.E. Info Systems’ strategic focus on expanding its technological solutions within the domestic market. The contract with IOCL represents an opportunity for the company to leverage its expertise in IoT and vehicle tracking systems, aligning with its business priorities of enhancing service offerings and strengthening market presence.
Indian Oil Corporation Limited (IOCL) is a major player in the energy sector, focusing on refining, pipeline transportation, and marketing of petroleum products. The collaboration with C.E. Info Systems is part of IOCL’s efforts to integrate advanced technological solutions for efficient operations.
C.E. Info Systems Ltd, known for its MapmyIndia brand, specializes in digital mapping and geospatial solutions. The company is focused on expanding its technological capabilities and enhancing its service offerings in the domestic market. This project with IOCL aligns with its strategic goals of leveraging technology to provide innovative solutions in the field of vehicle tracking and management systems.