Dynacons receives Order worth Rs 79.47 crores from Union Bank of India

Dynacons Systems & Solutions Ltd has received the order from Union Bank of India worth Rs. 79.47 Crores for Supply, Installation, configuration, implementation and maintenance for Hyper-Converged Infrastructure and Software Solution for Expansion of Bank's On-Premises Private Cloud.

Union Bank of India is one of the largest Government Bank having Head office at Mumbai and 9400+ Branches & 125 Regional offices spread across the country. The private cloud solution will help standardize and automate its processes. The Hyper-Converged IT infrastructure will allow the bank to scale faster, offer technology enhancements quicker, reduce operational complexity, and automate application provisioning and deployment. The solution involves the integration of products of HP Enterprise, VMWare, Red Hat and Microsoft.

"Accelerated adoption of the cloud is opening up all kinds of possibilities in product and business model innovation. A cloud-first digital core is a key to enterprises' growth and transformation journeys. The company's strong service orientation, willingness to invest in the relationship, commitment to deliver impactful outcomes and track record of execution excellence have made us the preferred partner to enterprises in these journeys." said Mr. Parag J. Dalal, Executive Director of the Company."

Shares of Dynacons Systems & Solutions Limited was last trading in BSE at Rs. 501.55 as compared to the previous close of Rs. 477.70. The total number of shares traded during the day was 25987 in over 1213 trades.

The stock hit an intraday high of Rs. 501.55 and intraday low of 470.95. The net turnover during the day was Rs. 12838592.00.

Source : Equity Bulls

Keywords

DynaconsSystemsandSolutions INE417B01040 OrderWin UnionBankofIndia PrivateCloud