Dev Information Technology Ltd has clinched two new orders worth ₹38 million, reinforcing its presence in India's expanding IT services sector. The firm won orders for ₹32.8 million and ₹5.2 million, respectively, demonstrating its broad-ranging expertise in digital transformation solutions.
Key highlights:
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Two new contracts with aggregate value of ₹38 million
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Enterprise-grade digital solutions to fetch higher ₹32.8 million order
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Specialized IT services to be contracted for the smaller ₹5.2 million order
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Establishes on the proven track record of Dev IT to deliver innovative tech solutions
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Supports the company's concentration on cloud, IoT, and AI-based services
Though details of the new contracts are not disclosed, they are likely to tap into Dev IT's strengths in cloud computing, IoT, and artificial intelligence. These victories prove the company's capability to win varied projects and its increasing stature in the competitive IT services market.
Dev IT's CEO added, "These new deals show the faith that our clients have in our capacity to produce world-class digital solutions. We are committed to spearheading innovation and helping our clients embark on their digital transformation paths."
The stock of the company reacted favorably to the news, increasing 3.5% after the announcement was made.
Sources: Dev Information Technology Ltd Regulatory Filing, BSE India, March 28, 2025