Dynacons secures Strategic Data Centre Project from Bank of Maharashtra

Dynacons Systems & Solutions Ltd. (Dynacons), a leading provider of innovative data center and cloud solutions, is proud to announce that it has been awarded a significant contract worth Rs. 142.55 Crores by Bank of Maharashtra. The Contract entails the design, deployment and management of a cutting-edge Hyper-Converged Infrastructure (HCI) system for the Private Cloud of the Bank. This strategic partnership underscores the bank's commitment to digital transformation, secure banking operations, and robust data management. These will be deployed at the Data Centre, Disaster Recovery Centre and the Near DR of the Bank.

Bank of Maharashtra, one of India's premier public sector banks with a rich legacy spanning 88 years, is on a mission to modernize its IT infrastructure to meet the evolving needs of its extensive customer base. With 2,350 branches/offices across India, including 1,200+ in Maharashtra-the largest network among public sector banks in the state-Bank of Maharashtra is recognized as a leader in technological innovation, product development, and digital transformation. The new private cloud, supported by an advanced HCI system and a comprehensive data center solution, will empower the bank to enhance operational efficiency, bolster data security, and deliver an elevated digital banking experience.

The project involves the augmentation and setup of a state-of-the-art HCI solution, incorporating Private Cloud servers for business-critical applications, storage, and essential hardware, including TOR Switches, Management Switches, SAN Switches, VMware Cloud, and more. The overall contract spans a period of five years, during which Dynacons will ensure the seamless execution and ongoing maintenance of this critical infrastructure.

Key Benefits of the Project:

Hyper-Converged Infrastructure (HCI): The integration of a cutting-edge HCI system will streamline the bank's IT operations by combining compute, storage, and networking into a single, highly efficient platform. This will enhance scalability, reduce complexity, and improve the bank's ability to manage its IT resources effectively.

Comprehensive Data Center Solution: The project will enable a state-of-the-art data center solution, designed to ensure the highest levels of data availability, redundancy, and disaster recovery capabilities.

Robust Security: Both the private cloud and data center will be equipped with advanced security features, ensuring the highest level of data protection and compliance with regulatory standards.

Scalability: The solution is designed to easily scale, supporting the bank's future growth and expansion plans without compromising on performance.

Seamless Integration: The cloud, HCI system, and data center infrastructure will integrate seamlessly with the bank's existing systems, minimizing disruption during the transition.

Cost Efficiency: By leveraging a private cloud and HCI-based data center, Bank of Maharashtra will optimize IT and data management costs while maintaining complete control over its infrastructure.

"we are honored to have been selected by Bank of Maharashtra for this pivotal project," said Parag Dalal, Executive Director of the Company. "This win reflects our expertise in delivering secure, scalable, and highly efficient cloud and data center solutions. We look forward to a successful implementation that will drive innovation, operational excellence, and robust secured data management for the bank. This Win further strengthens our position in the BFSI Segment as a strong Data Center and Cloud Solutions and Services provider."

Shares of Dynacons Systems & Solutions Limited was last trading in BSE at Rs. 1526.90 as compared to the previous close of Rs. 1523.70. The total number of shares traded during the day was 4394 in over 673 trades.

The stock hit an intraday high of Rs. 1554.20 and intraday low of 1508.00. The net turnover during the day was Rs. 6685863.00.

Source : Equity Bulls

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