Dynacons Systems & Solutions Ltd Secures ₹119 Crore Project from Central Bank of India

On July 2, 2024, Dynacons Systems & Solutions Ltd announced a significant achievement by securing a prestigious project valued at Rs. 119 Crores from the Central Bank of India.

This project entails supplying, implementing, and maintaining private cloud infrastructure, backup solutions, and supporting applications at the bank’s Data Center (DC) and Disaster Recovery Center (DRC).

Established in 1911, the Central Bank of India is among the country’s oldest and most influential commercial banks, with a vast network comprising 90 Regional Offices, 12 Zonal Offices, and over 4617 branches nationwide. The bank aims to enhance its operational efficiency by implementing a private cloud solution, facilitating faster scalability, quicker adoption of technology upgrades, reduced complexity in operations, and automated application provisioning and deployment.

Scope of the Project

The project’s scope covers comprehensive solutions for Core Banking System (CBS) data, virtual machines (VMs), backup hardware, object-based storage, Tape Library integration, batch job automation, domain user administration, internal private cloud infrastructure, software, Virtual Desktop Infrastructure (VDI), access management, and professional and facility management services for the DC and DRC.

Parag J Dalal, Executive Director of Dynacons, said, “This order is a testament to our team’s advanced technology expertise and readiness. 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.”

About Dynacons Systems & Solutions Ltd

Dynacons Systems & Solutions Ltd is a 28-year-old IT company headquartered in Mumbai, with branches throughout India and a global perspective. The company boasts a large team of technical experts deployed across over 250 locations nationwide. Dynacons holds prestigious industry certifications such as CMMI Level 5, ISO 9001, ISO 20000, and ISO 27000, underscoring its commitment to quality and security standards. The company specialises in various IT infrastructure services, including design consultancy, systems integration, and establishing large-scale network and data centre infrastructures.

On July 3, 2024, the share price of Dynacons Systems and Solutions Ltd opened at ₹1,280.00, touching the day’s high at ₹1,285.95, as of 10:08 AM on the NSE.

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