DEV IT Secures ₹26 Crore Order from NICSI for Pharmacy Council of India Project
DEV IT has secured a ₹26 Crore order from NICSI for the Pharmacy Council of India's National Pharmacists Registration Tracking System. The project involves design, development, integration, maintenance, and cybersecurity services over approximately 3 years.
The order value of ₹26 Crore is substantial and represents a new contract win, indicating potential revenue growth and market expansion for DEVIT.
The company has secured a significant new order, which is a positive development for its business growth.
Dev Information Technology Limited (DEVIT) has announced that it has been awarded a significant work order from the National Informatics Centre Services Incorporated (NICSI) on behalf of the National Pharmacists Registration Tracking System of the Pharmacy Council of India (PCI), a statutory body of the Government of India.
The scope of the order encompasses the Design, Development, Integration, and Maintenance of Software/Applications/Platforms, along with Cybersecurity Services for the existing IT Infrastructure of the Pharmacy Council of India. The project specifically includes the design, development, and maintenance of web-based software infrastructure/applications for the National Pharmacists Registration Tracking System.
The total value of this domestic, fixed-cost order is approximately ₹26 Crore, with an execution period of approximately 3 years. The company has confirmed that neither the promoter nor any group companies have an interest in NICSI, and the order does not fall within related party transactions.
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Dev Information Technology Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Dev Information Technology Limited. Read the original for the full detail.