DEV IT Secures ₹5.15 Crore Order from NICSI for Rajasthan Govt's IFMS 3.0 Project
DEV IT has secured a work order worth approximately ₹5.15 crore from NICSI for the Government of Rajasthan's IFMS 3.0 project. The project involves developing web and mobile applications for the Finance Department and is expected to be completed within six months.
The order value is significant and contributes to the company's order pipeline, but it is not a transformative deal for the company's overall financials.
The company has secured a new order worth ₹5.15 crore, which is a positive development for its business.
Dev Information Technology Limited (DEV IT) has announced securing a significant work order worth approximately ₹5.15 crore from the National Informatics Centre Services Incorporated (NICSI). This order is for the Directorate of Treasuries and Accounts, Government of Rajasthan, Jaipur.
The project involves the development and implementation of IFMS 3.0 Web and Mobile Applications for the Finance Department of the Government of Rajasthan. The scope of work encompasses key functionalities such as Pension Management, Employee Management, Works & Accounts Management, Salary Management, and Grant-in-Aid.
This domestic state order is expected to be executed within approximately six months. The company views this as a continuation of its momentum in securing projects from government institutions and highlights the growing adoption of digital platforms and technology-enabled public services across government departments.
Mr. Pranav Pandya, Chairman of Dev Information Technology Limited, commented that this order enhances their portfolio of government technology projects and provides an opportunity to deploy their capabilities across key Finance Department functions, reinforcing their engagement with government institutions in digitalization efforts.
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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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