Scanpoint Geomatics announced that the company has been awarded a project for "Establishment of Ground Control Network, Conducting Survey/Resurvey and Updation of the Survey & Settlement (Records) Operations in Rajasthan" by the Government of Rajasthan.

The aggregate value of the orders received by the company is Rs 954.7 million. The execution period of the project shall be 5 years.

The stock had underperformed the market over the past one month till Dec. 13, 2016, falling 17.27% compared with the Sensex's 0.45% decline. It underperformed the market in past one quarter, declining 26.71% as against 5.84% fall in the Sensex.

Shares of the company declined Rs 0.6, or 3.74%, to settle at Rs 15.45. The total volume of shares traded was 258,788 at the BSE (Tuesday).