Dynacons Secures Prestigious Project worth Rs 125.88 crores from Central Bank of India

Dynacons Systems & Solutions Ltd has been awarded a prestigious project of Value Rs. 125.88 crores (excluding GST) from Central Bank of India. The order pertains to expansion and modernization of the Bank's technology infrastructure and encompasses supply, implementation and support of an enterprise Private Cloud infrastructure based on x86 architecture, deployment of GPU-enabled computing infrastructure, and establishment of an on-premises containerization platform (Kubernetes), along with associated software, integration and lifecycle support services. The project is structured as a multi-year engagement, covering both implementation and ongoing support for a period of 5 years.

Central Bank of India is a leading Public Sector Bank established in the year 1911 having pan India presence through its wide network of more than 4685 plus branches, 13 Zonal Offices, 90 Regional Offices spread across the country.

Project Overview

The scope of the project involves end-to-end expansion of the Bank's Private Cloud environment designed for high availability and scalability, deployment of NVIDIA GPU-based infrastructure to support AI/ML workloads including model development, training, inference and analytics, and implementation of an enterprise Kubernetes-based container platform to enable containerized and cloud-native workloads. The engagement further includes integration with the Bank's existing IT, security and operational systems, along with provision of comprehensive maintenance, upgrades and lifecycle management support.

The solution envisaged under the order includes establishment of an on-premises AI/ML-ready platform leveraging GPU infrastructure and industry-standard frameworks to support advanced computing workloads including analytics and AI/ML model execution, deployment of a secure and scalable automated Private Cloud platform, and adoption of containerization and orchestration technologies for application modernization. The platform is designed to integrate with enterprise security frameworks including identity management using password-less authentication solutions, monitoring and audit systems.

This project supports the Bank's initiative towards modernization of its core IT infrastructure, adoption of cloud-native application platforms, and enablement of advanced computing capabilities including AI/ML workloads within a secure and compliant environment, in line with the requirements specified in the RFP.

The solution deployment will be compliant with Bank's IT Security policy and Cyber policies, internal guidelines, regulatory standards and countrywide regulations and laws from time to time.

Dynacons will provide Managed Services at the Central Bank of India Data Center (DC), Disaster Recovery (DR) site, and any other designated locations by deploying qualified professionals on a 24x7x365 basis for the management, monitoring, and maintenance of the implemented solution.

Shares of Dynacons Systems & Solutions Limited was last trading in BSE at Rs. 1287.25 as compared to the previous close of Rs. 1355.00. The total number of shares traded during the day was 15471 in over 1022 trades.

The stock hit an intraday high of Rs. 1370.15 and intraday low of 1287.25. The net turnover during the day was Rs. 20383288.00.

Source : Equity Bulls

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