Dev Information Technology Secures ₹65 Lakh Gujarat Govt Order; Stock Rises 3%

Ahmedabad, September 2, 2025: Dev Information Technology Limited (NSE: DEVIT, BSE: 543462) shares rose 3.39% to ₹44.79 on Tuesday morning after the firm announced that it has bagged a ₹65 lakh work order from Gujarat Informatics Limited (GIL), an undertaking of the Government of Gujarat under the Department of Science and Technology.

The order, made on behalf of the Chief Minister’s Office, entails the deployment of Microsoft Office automation software to improve the analytical and review capacity of reports produced at the state’s highest administrative level. The project will be completed within six months.

Dev Information Technology Limited, which was incorporated in 1997 and has been listed since February 15, 2022, offers IT-enabled services such as cloud solutions, managed IT services, digital transformation, enterprise and business applications, and mobile applications. The company has its operations in Gujarat, Maharashtra, Rajasthan, and Canada.

Gujarat Govt Awards ₹65 Lakh Microsoft Office Automation Project to Dev IT

The company has received a ₹65 lakh order from the Government of Gujarat’s Gujarat Informatics Limited (GIL) for implementing the Microsoft Office automation suite at the Chief Minister’s Office. The deal will be implemented on a fixed-cost model within a period of six months. The company made it clear that this is not a related party transaction.

Dev IT Shares Rise 0.62% to ₹43.59 Midday; Up 4.8% in Five Days

Dev Information Technology stocks are currently trading at ₹43.59, a 0.62% rise on September 2, 2025, at 12:07 PM IST. Dev Information Technology stocks have increased by 4.8% in the past 5 days, a slight 0.23% rise in the past six months, and by below 22% over the past year.

Dev Information Technology Ltd opened at ₹43.00 and ranged between a low of ₹43.00 and a high of ₹45.38 during the course of the day. The market capitalization of the company is approximately ₹251 crore. During the previous year, the stock reached a 52-week high of ₹76.40 and a low of ₹37.77. At its current levels, it is quoting a P/E ratio of 18.28.

Company Gets High-Level GIL Mandate for Office Automation at CM’s Office

The Gujarat Informatics Limited work order is a high-level mandate for Dev Information Technology. Installation of sophisticated office automation tools in the Chief Minister’s Office is intended to enhance governance effectiveness and digital strength,” stated Krisa Shah, Company Secretary and Compliance Officer.

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REF: https://nsearchives.nseindia.com/corporate/DEVIT_02092025110411_intimationGILS.pdf

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