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 has won a contract from Gujarat International Finance Tec-City Company Limited (GIFTCL) to design, develop, and implement the GIFT City web portal along with a Digital Twin platform and digital walkthrough experience for citizens. The project value is approximately ₹2.79 Crores (excluding GST) with a duration of about 2 years. The work involves creating a centralized, technology-driven platform for real-time visualization, project monitoring, and citizen engagement through advanced digital interfaces. The order is fixed cost and domestic in nature, awarded by a State entity, and is not a related party transaction.
This is a positive development showcasing the company's digital transformation capabilities. However, given the relatively small order size of ₹2.79 Crores for a company operating in IT services, the direct financial impact on revenue is likely modest but adds to the order book.