Dev Information Technology Limited has informed the Exchange about Bagging/Receiving of orders/contracts
DEVIT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Dev Information Technology (DEVIT) has secured a work order worth approximately ₹1.02 crore from RajCOMP Info Services Ltd. The project, titled 'Raj Feb', involves providing IT/ITeS and software development services to the Factories and Boilers Inspection Department of the Government of Rajasthan. The engagement aims to strengthen enforcement of the Factories Act, 1948 and Boilers Act, 1923, with a focus on worker safety, health and welfare. The contract is fixed-cost in nature, on a domestic basis, and is scheduled for completion over roughly 14 months. The order is not a related-party transaction and promoters have no interest in the awarding entity.
This is a modest-sized government contract for DEVIT and is unlikely to materially move the stock on its own, but it adds to the company's order book in the government IT services space. Investors should view it as a routine business win rather than a transformative event, with revenue recognition spread over the 14-month execution period.