22 Aug 2026
Ceinsys Tech lost Rs 112.42 crore of pending orders after Maharashtra's State Water and Sanitation Mission cancelled the allocation for 617 zilla parishad schemes on 21 August.
The mission said the sanctioned amount for IoT deployment under the MJP MVS schemes is exhausted. The two original awards, from October 2023 and October 2024, were Rs 248.39 crore and Rs 331.61 crore. Revenue already booked is unaffected because the cut falls only on unexecuted work, and the pending order book is now Rs 865 crore.