Dynacons wins prestigious project of Union Bank of India to set up Hyper-Converged Infrastructure and Implementation of Private Cloud

Dynacons Systems & Solutions Ltd has won one of the prestigious contract worth Rs. 24.51 Crore for Supply, Installation and Maintenance of HyperConverged Infrastructure and Implementation of Private Cloud from one of the largest Government owned bank, Union Bank of India.

The scope of Contract includes Design and Deployment of the Private Cloud Solution along with the supply, installation & configuration of Hyper Converged Infrastructure at their Datacenter at Mumbai & DR site at Bengaluru. The Private Cloud solution will deliver service models such as IaaS (Infrastructure as a Service), PaaS (Platform as a Service) and Saas (Software as a Service). The solution components broadly include Hypervisor solution with Hyper Converged nodes, TOR - L3 switches, Private Cloud Suites for proposed HCI nodes, Software defined Networking & Security solution for proposed hardware, DR Automation (VM), MS Server 2019 Datacenter edition &Redhat Enterprise Datacenter Linux. Web-based dashboards with continuous real-time / near real-time status updates as well as relevant statistics form are also included in the scope.

The availability of solution offered is 99.95% and above & will be maintained by Dynacons over the period of 5 years.

Commenting on the development, Mr. Shirish M. Anjaria, Chairman cum Managing Director of the Company said, "The order is a testimony to the technology expertise and solutioning skills demonstrated by our team. The Hyperconverged Infrastructure market is rapidly growing with a high rate of adoption in Enterprises globally, and Dynacons is fully geared to address this market segment."

Shares of DYNACONS SYSTEMS & SOLUTIONS LTD. was last trading in BSE at Rs.55.2 as compared to the previous close of Rs. 46. The total number of shares traded during the day was 83340 in over 630 trades.

The stock hit an intraday high of Rs. 55.2 and intraday low of 45.25. The net turnover during the day was Rs. 4471582.

Source : Equity Bulls

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