+
DEVIT Secures Order for Pharmacists Registration System
ECONOMY & POLICY

DEVIT Secures Order for Pharmacists Registration System

DEV Information Technology Limited (DEVIT) said it has been awarded a significant work order by National Informatics Centre Services Incorporated (NICSI) on behalf of the National Pharmacists Registration Tracking System of the Pharmacy Council of India (PCI).

The award was disclosed to stock exchanges pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements. The company indicated the contract is intended to support statutory functions of the Pharmacy Council of India.

The scope of the order includes design, development, integration and maintenance of software, applications and platforms, along with cybersecurity services for the existing IT infrastructure of the Pharmacy Council of India. The project will also deliver design, development and maintenance of web based software infrastructure and applications for the National Pharmacists Registration Tracking System. The work has been described as fixed cost and will be executed domestically.

The total value of the order is approximately Rs 260 million (mn) and the contract tenure is approximately three years. The company noted that the contract was awarded by a domestic state entity and does not constitute a related party transaction. The firm also confirmed that no promoter or promoter group interest exists in the awarding entity.

The announcement was communicated through a formal filing and the company supplied annexed details in line with SEBI requirements. The company requested that the information be taken on record and recorded the name of the company secretary and compliance officer for correspondence. Analysts may view the deal as affirmation of the company's capabilities in national public sector technology projects.

DEV Information Technology Limited (DEVIT) said it has been awarded a significant work order by National Informatics Centre Services Incorporated (NICSI) on behalf of the National Pharmacists Registration Tracking System of the Pharmacy Council of India (PCI). The award was disclosed to stock exchanges pursuant to Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements. The company indicated the contract is intended to support statutory functions of the Pharmacy Council of India. The scope of the order includes design, development, integration and maintenance of software, applications and platforms, along with cybersecurity services for the existing IT infrastructure of the Pharmacy Council of India. The project will also deliver design, development and maintenance of web based software infrastructure and applications for the National Pharmacists Registration Tracking System. The work has been described as fixed cost and will be executed domestically. The total value of the order is approximately Rs 260 million (mn) and the contract tenure is approximately three years. The company noted that the contract was awarded by a domestic state entity and does not constitute a related party transaction. The firm also confirmed that no promoter or promoter group interest exists in the awarding entity. The announcement was communicated through a formal filing and the company supplied annexed details in line with SEBI requirements. The company requested that the information be taken on record and recorded the name of the company secretary and compliance officer for correspondence. Analysts may view the deal as affirmation of the company's capabilities in national public sector technology projects.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

BMW Ventures Secures Rs 249.83 Million (mn) Steel Orders

BMW Ventures Limited said it has secured two purchase orders totalling Rs 249.83 million (mn) from Lata Projects Limited for the supply of TMT steel FE-550D grade for three units of 800 megawatt (MW) capacity at the USCTPP Adani project. The orders were disclosed to the stock exchanges under Regulation 30 of the SEBI Listing Regulations and carry a contract value inclusive of all taxes.\n\nThe company stated that the orders will be executed within eight weeks from the date of the purchase orders and that the contract provides for 100 per cent advance payment with specified guarantees. The supp..

Next Story
Real Estate

Housing Sales Dip in Top Eight Cities in Q2, Pune and Bengaluru Hit Hard

Housing sales across the top eight cities fell six point one per cent year-on-year to 91,729 units in the April-June quarter from 97,674 a year earlier, PropTiger’s Real Insight Residential report showed. The moderation reflected seasonal pre-monsoon effects and heightened buyer caution amid the US-Iran conflict. New launches rose six per cent to 89,161 units. The impact was concentrated in technology-driven markets, with Pune and Bengaluru among the hardest hit. Pune recorded the steepest annual decline at 20.8 per cent, with sales falling to 12,642 units, while Ahmedabad declined 20.2 per ..

Next Story
Infrastructure Urban

India And ADB Sign US$230 Million Loan To Modernise Chennai Water

The Government of India and the Asian Development Bank (ADB) signed a US$230 million loan to modernise and expand water supply and sanitation infrastructure in Chennai. Saurabh Singh, Deputy Secretary, Department of Economic Affairs (DEA), signed on behalf of the Government of India and Mio Oka, Country Director of ADB’s India Resident Mission, signed for the lender. The engagement was guided by Baldeo Purushartha, Joint Secretary (ADB and Japan), DEA. The Chennai Climate-Resilient Water Security and Sewerage Project aims to improve access to safe and reliable water and sanitation citywide w..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code