Ceinsys Tech unit wins Rs 4.07 crore international order
Ceinsys Tech's wholly owned subsidiary Technology Associates Inc. secured a Rs 4.07 crore purchase order from Emotiv Mobility, LLC, USA for the beta development of a Hybrid Power Transfer Case (HPTC). The contract, valued at US $4,28,550, is an international order to be executed within four months and is not a related party transaction.

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Ceinsys Tech 's wholly owned subsidiary, Technology Associates Inc., has secured a purchase order worth Rs 4,07,12,250 from Emotiv Mobility, LLC, USA. The order is for the beta development of a Hybrid Power Transfer Case (HPTC). The contract value is equivalent to US $4,28,550 at the prevailing exchange rate of $1 = INR 95.00. This development marks a significant business expansion for the subsidiary in the international market.
Project Details
The purchase order outlines the scope for the beta development of the HPTC. The project is classified as an international contract and is not a related party transaction. There are no interests held by the promoter or promoter group in the entity awarding the order. Technology Associates Inc. is required to execute the order within a period of four months. The intimation was submitted to the exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The key details of the order are summarised below:
| Particulars: | Details |
|---|---|
| Name of Client: | Emotiv Mobility, LLC, USA |
| Nature of Order: | Beta development of Hybrid Power Transfer Case (HPTC) |
| Order Value: | Rs 4,07,12,250.00 (US $4,28,550) |
| Execution Period: | 4 Months |
| Related Party Transaction: | No |
Historical Stock Returns for Ceinsys Tech
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -3.37% | +1.66% | -16.76% | -7.45% | -7.45% | -7.45% |
What are the potential revenue implications for Ceinsys Tech if the beta development leads to a full-scale production order?
How might this international contract influence Ceinsys Tech's future business strategy and expansion in the US market?
What are the risks associated with the four-month execution period, and how could delays impact the company's financial performance?


































