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.
Dev Information Technology Limited (DEVIT) has secured a work order from Gujarat State Petroleum Corporation Limited (GSPC), a state government entity. The project involves end-to-end Active Directory (AD) domain migration to establish a secure, unified, and scalable identity management framework for GSPC's merged entity. The order value is approximately ₹53.99 lakhs (about ₹5.4 million), with a fixed cost structure and a delivery timeline of approximately 16 weeks. The contract is a domestic transaction and does not fall under related party transactions. No promoter group interest exists in GSPC.
This is a relatively modest order for DEVIT and provides some new business visibility, though the ₹53.99 lakh contract size is small relative to typical IT services revenues. The stock is unlikely to see significant movement on this announcement alone.