Dev Information Technology Limited Secures Order from NICSI to Develop IFMS 3.0 Applications
Dev Information Technology Limited (DEVIT) has been awarded a significant work order by the National Informatics Centre Services Incorporated (NICSI) for developing and implementing critical web and mobile applications for a state government client in Rajasthan. The contract, valued at approximately INR 5.15 Crore, covers key finance department functionalities for the Directorate of Treasuries and Accounts, Government of Rajasthan, Jaipur.The work order details the development and implementation of the IFMS 3.0 Web and Mobile Applications. This project aims to cover various core modules within the client's finance domain.
Scope of Work
The scope of the contract includes developing functionalities such as Pension Management, Employee Management, Works & Accounts Management, Salary Management, and Grant-in-Aid, among other related components. The order was awarded by a domestic (State) entity to Dev Information Technology Limited.
Key details regarding the secured contract are summarized below:
| Aspect | Detail |
|---|---|
| Awarding Entity | National Informatics Centre Services Incorporated (NICSI) for the Directorate of Treasuries and Accounts, Government of Rajasthan, Jaipur |
| Order Value | Approximately INR 5.15 Crore |
| Project Duration | Approximately 6 months |
| Contract Nature | Fixed cost |
The contract falls under a fixed cost structure and does not involve related party transactions. Dev Information Technology Limited is set to execute this project over an approximate period of six months.
DEVIT Stock Price Movement
As of 11:58 AM, Dev Information Technology Limited (DEVIT) shares are rallying in active market trading, climbing by 3.52% to reach ₹25.85. The upward momentum is supported by robust interest, as evidenced by 37,010 shares traded so far during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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