Dynacons wins the prestigious e-PASSPORT PROJECT worth Rs. 106 crores

Dynacons Systems & Solutions Ltd has won one of the prestigious contracts worth Rs. 106 Crores for Supply, Installation, commissioning and O&M of PKI Solutions, IT Infrastructure Components and Connectivity Services for e-PASSPORT PROJECT.

Security concerns, developing technologies and emerging standards have led governments worldwide to pursue the issuance of sophisticated machine-readable travel documents (MRTD) to their citizens. Commonly known as "ePassports," these documents contain a chip that stores information that can be verified against the data on the passport.

There are 41 security features of e-passport. Some of these features are Embosse Bolographic image, Demographic information, Biometric information, iris scans and digital signature of the bearer.

To issue and process a trusted ePassport requires multiple components including a method to secure the data on the chip that enables India and other governments to read the data, and a credential management system to manage the issuing and renewal of ePassports. Such infrastructure requirements are often called the passport-ecosystem.

To achieve this objective a centralised infrastructure will be offered to meet the current requirement and future scalability and expansion. At a high level, the Solution offered includes PKI Software Solution, IT Infrastruture solution including Servers, Storage, Firewall, HSM, Virtualization, Crypto e-Token, Antivirus, NMS / EMS, Database & windows Server Licenses, & Network Connectivity with remote locations.

Commenting on the development, Mr. Shirish M. Anjaria, Chairman cum Managing Director of the Company said, "Digitization has given rise to electronic versions of almost all KYC documents. An ePassport is a chip-enabled passport with a biometric identification card strengthening the transparency and security of travel documents. This order is a testimony to the latest technology expertise and readiness of skill sets demonstrated by our team."

Shares of Dynacons Systems & Solutions Limited was last trading in BSE at Rs. 298.60 as compared to the previous close of Rs. 297.10. The total number of shares traded during the day was 5174 in over 473 trades.

The stock hit an intraday high of Rs. 304.00 and intraday low of 283.30. The net turnover during the day was Rs. 1513582.00.

Source : Equity Bulls

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