Dynacons wins turnkey data centre IT infrastructure augmentation project of Canara Bank worth Rs. 280 crores

Dynacons Systems & Solutions Limited proudly announces that it has secured the Rs. 280 crore project to augment the IT Data Center infrastructure of Canara Bank. This comprehensive, turnkey initiative underscores Dynacons' expertise in delivering advanced data center solutions for mission-critical environments.

The project spans five years and encompasses the supply, implementation, and maintenance of cutting-edge infrastructure, including 500 servers, high-performance storage systems, and an extensive suite of IT hardware and software. By transforming Canara Bank's data center capabilities, Dynacons is poised to strengthen the bank's digital foundation and ensure seamless operations at scale.

This achievement reaffirms Dynacons' leadership in providing end-to-end data center solutions for leading organizations across India.

CANARA BANK is one of the largest Public Sector Banks owned by Government of India. The Bank is having more than 9658 branches, 26 Circle offices and 177 Regional Offices situated across India. The Bank also has offices abroad in London, Dubai, New York & IBU Gift City.

The Bank is a forerunner in the implementation of IT-related products, services and continuously making efforts to provide the state of art technological products to its customers.

Key Points:

Comprehensive Implementation: The project involves a wide range of advanced technologies, including Dell Technologies' servers and storage solutions, IBM WebSphere, Red Hat, Microsoft Windows & SQL, and JBoss Enterprise. This shows the commitment of Canara Bank to modernize its IT infrastructure with state-of-the-art tools and technologies.

Strategic Importance for Canara Bank: This upgrade is in line with the bank's plan for business growth and digital transformation. With its vast network of branches across India and globally, the bank is positioning itself for the future by enhancing its digital and IT capabilities

Long-Term Support: The 5-year contract for implementation and ongoing maintenance with 24/7/365 support and a 99.90% uptime guarantee reflects Dynacons' focus on reliability, security, and long-term client relationships.

Technological Benefits: The deployment is aimed at driving faster scalability, better performance, optimized infrastructure, enhanced security, and ensuring compatibility with legacy applications - all of which are crucial for a bank operating at such a large scale.

The following are the key benefits of this architecture deployment for the Bank

- Faster Scalability
- Optimized IT Infrastructure
- Security & Privacy
- Improved Performance
- Reduced Risk
- Legacy Application Compatibility

Commenting on this achievement, Mr. Shirish M. Anjaria, Chairman cum Managing Director of Dynacons, stated, "This win is a testament to our technological expertise, skilled workforce, and unwavering commitment to delivering best-in-class solutions in the BFSI sector. This order strengthens our position in the banking and financial services industry and sets the stage for future collaborations with other financial institutions. It's a significant milestone and an exciting chapter in Dynacons' journey."

This deployment will not only reinforce Canara Bank's digital transformation but also positions Dynacons as a trusted partner for large-scale, mission-critical projects in the financial services domain added Mr. Anjaria.

Shares of Dynacons Systems & Solutions Limited was last trading in BSE at Rs. 1374.45 as compared to the previous close of Rs. 1335.45. The total number of shares traded during the day was 2295 in over 322 trades.

The stock hit an intraday high of Rs. 1382.00 and intraday low of 1320.00. The net turnover during the day was Rs. 3085013.00.

Source : Equity Bulls

Keywords

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