Dev IT Secures Prestigious ₹1.48 Crore Contract from Rajya Sabha Secretariat

Dev Information Technology Ltd (Dev IT) has clinched a significant contract worth ₹1.48 crore from the Rajya Sabha Secretariat, marking a major milestone for the company. The order, announced on March 1, 2025, underscores Dev IT's growing prominence in providing IT-enabled services to government institutions. This development comes as Dev IT reports a 51% income growth in Q3 FY25, showcasing the company's robust performance in the competitive IT sector. The contract is expected to bolster Dev IT's position in the market, potentially driving its stock price, which recently closed at ₹129. This achievement aligns with the company's strategy of securing high-value government projects and expanding its service portfolio.

 

Sources: Screener.in, Business Standard, Economic Times