Ceinsys Tech Order Book Reduced by ₹112.42 Cr

Ceinsys Tech Ltd. announced a reduction in its pending order book by ₹112.42 Crores due to cancellation of allocation for 617 ZP schemes by the State Water and Sanitation Mission (SWSM), Government of Maharashtra. This cancellation is attributed to the exhaustion of sanctioned funds for IoT implementation under allocated schemes. The company clarified that this reduction has no impact on revenue already booked. Despite the cancellation, Ceinsys Tech's pending order book remains robust at ₹865 Crores. The original awards were for IoT deployment for Jal Jeevan Mission Projects in Maharashtra, valued at ₹248.39 Crores and ₹331.61 Crores.