Dev Information Technology Bags New Contract Worth Over INR12 Million; Shares Jump 6%

MT Newswires Live

2025/01/21

Dev Information Technology (NSE:DEVIT, BOM:543462) has secured a contract worth 12.3 million Indian rupees from the Gujarat Metro Rail Corporation (DMRC), which is a special purpose vehicle implementing metro rail projects across Gujarat, India.

The contract entails upgrading GMRC's existing on-premises active directory to a new server and transitioning Exchange Server 2013 to Microsoft 365 (M365) Business Basic and Standard.

The service duration for the contract is from Jan. 24, 2024 to Jan. 23, 2028.

Shares of the company were up nearly 6% in recent trade.

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