Moneycontrol PRO
HomeNewsBusinessMarketsCeinsys Tech hits 52-week high as order book crosses Rs 1,000 crore

Ceinsys Tech hits 52-week high as order book crosses Rs 1,000 crore

Ceinsys Tech recently completed a preferential allotment of equity shares and share warrants, raising $28 million.

October 10, 2024 / 13:11 IST
Ceinsys Tech's shares have gained a whopping 140 percent on a year-to-date (YTD) basis.
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Shares of Ceinsys Tech rose over 9 percent and hit a 52-week high of Rs 944 on BSE after the company informed the exchanges that its order book surpassed Rs 1,000 crore.

    At 1 PM, shares of Ceinsys Tech traded over 7 percent higher at Rs 928. The stock has gained a whopping 140 percent on a year-to-date (YTD) basis.

    Ceinsys Tech recently received a Letter of Award (LOA) from the State Water and Sanitation Mission (SWSM) of Maharashtra for a project valued at Rs 332 crore. The project involves IoT deployment, design, and implementation of a centralized platform for Jal Jeevan Mission projects, including maintenance over five years.

    Follow our live blog for all the market action

    In addition, Ceinsys Tech secured a Rs 29.2 crore LOA from CIDCO for drone surveys, base map creation, utility layers, and the development of an Enterprise GIS application. This bundled solution includes software provision and an operations and maintenance program.

    Ceinsys Tech recently completed a preferential allotment of equity shares and share warrants, raising $28 million. Additionally, the company acquired the business assets of US-based geospatial entity VTS and expanded its presence in the Asia Pacific region by establishing a wholly-owned subsidiary. This expansion aims to grow its tech-enabled services and build a strong presence in the data center business, offering services such as design, development, and consulting for data centers both in and outside India.

    Ceinsys Tech is focused on consolidating its position in geospatial engineering and tech-enabled services, positioning itself as a complete solutions provider for large projects in water, energy, automotive, and infrastructure sectors. The company aims to support sustainable growth in both rural and urban India, while also contributing to projects in the US, Europe, and Southeast Asia.

    Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

    Moneycontrol News
    first published: Oct 10, 2024 01:10 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347
    CloseOutskill Genai