Dynacons Secures Prestigious Contract for Private Cloud Infrastructure from one of the leading public sector Bank worth Rs 119 crores

Dynacons Systems & Solutions Ltd has been awarded a prestigious project worth Rs. 119 Crores by the Central Bank of India. This project involves the supply, implementation, and maintenance of private cloud infrastructure, backup solutions, and supporting applications at the bank's Data Center (DC) and Disaster Recovery Center (DRC).

The Central Bank of India, established in 1911, is one of the oldest and most significant commercial banks in the country. With a vast network of 90 Regional Offices, 12 Zonal Offices and 4617+ branches spread across the nation, the Central Bank of India has been instrumental in promoting financial inclusion and supporting various government initiatives aimed at enhancing the financial well-being of the country's populace.

The Central Bank of India aims to implement a private cloud solution to standardize and automate its processes. This upgraded IT infrastructure will enable the bank to scale faster, introduce technology enhancements more swiftly, reduce operational complexity, and automate application provisioning and deployment.

The brief scope includes Comprehensive Private Cloud solution for Core Banking System (CBS) data, virtual machines (VMs), containers, primary backup hardware, and object-based storage for backup archival, Tape Library Integration for enhanced data management, Batch job Automation Processing Solution, Domain User Administration Privileges Management, Internal Private Cloud Infrastructure & Software, Virtual Desktop Infrastructure (VDI) & Access Management Solution. The scope also includes Professional Services & Facility Management Services to DC & DRC. The contract span 5 years extendable by an additional 2 years.

Parag J Dalal, Executive Director of Dynacons, remarked, "This order is a testament to the advanced technology expertise and readiness of our team. This significant achievement underscores Dynacons' commitment to delivering cutting-edge IT solutions and solidifies our reputation as a leading provider in the industry. Having undertaken large-scale private cloud deployments, this project further strengthens our position as a top-tier provider in the market."

Shares of Dynacons Systems & Solutions Limited was last trading in BSE at Rs. 1246.00 as compared to the previous close of Rs. 1199.50. The total number of shares traded during the day was 26154 in over 2074 trades.

The stock hit an intraday high of Rs. 1280.00 and intraday low of 1242.00. The net turnover during the day was Rs. 32836374.00.

Source : Equity Bulls

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