Contract Details

CSM Technologies Limited (NSE: CSM | BSE: 544806) announced that its wholly owned subsidiary in Kenya, CSM Tech Limited, has secured an international assignment from the Public Private Partnership Commission (PPPC) of Malawi. The project involves design, development and commissioning of an Electronic Auctioning Platform (EAP) under the Digital Malawi Acceleration Project (DMAP).

Financial Value

The assignment is valued at INR 32.08 million.

Funding Source

The project is funded by the World Bank through the International Development Association (IDA).

Project Scope and Duration

The 12-month assignment includes complete lifecycle management: business requirements assessment, platform architecture and development, system integration, cybersecurity hardening, penetration testing, pilot implementation, production rollout, user training, knowledge transfer and post-deployment warranty support.

Project Objectives

The EAP will introduce a secure, transparent and fully auditable digital mechanism for conducting competitive auctions, replacing manual and paper-based processes. The platform will enable online bid submission, real-time evaluation, bidder anonymity, automated ranking and electronic publication of results.

Broader Program Context

The project forms part of the Digital Malawi Acceleration Project, a six-year initiative under the World Bank-supported Inclusive Digitalization in Eastern and Southern Africa (IDEA) programme. The project seeks to expand digital connectivity across Malawi by facilitating transparent procurement of broadband services.

Expected Impact Metrics

  • Targets benefits for over 75 lakh broadband users
  • Will connect 2,500 public institutions (2,000 schools and 500 government offices)
  • Aims for 50 lakh successful digital authentications for service delivery
  • Targets reducing retail data prices as percentage of GNI per capita from 9.4% to 4%

Management Commentary

Priyadarshi Pany, Chairman, Managing Director & CEO, stated: "This engagement reflects the growing global confidence in India's DPI capabilities. We are honoured to partner with the Government of Malawi and the World Bank in building a transparent, technology-driven auctioning ecosystem that strengthens governance and accelerates digital inclusion."

Strategic Significance

The engagement consolidates CSM Technologies' expertise in designing mission-critical digital platforms for governments spanning public administration, mining, agriculture, healthcare, citizen services, digital commerce, taxation, public finance and infrastructure governance.

Company Background

CSM Technologies Limited is a multinational GovTech company headquartered in Bhubaneswar, India, operating across 20 cities in 14 countries, specializing in Digital Public Infrastructure, e-Governance, Artificial Intelligence, Cloud, Cybersecurity, GIS, and enterprise digital transformation.

Disclaimer

The announcement should not be construed as an indication of future financial performance, revenue, profitability or business prospects.