Dynacons Systems & Solutions soars on winning contract worth Rs 116 crore
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Dynacons Systems & Solutions is currently trading at Rs. 381.05, up by 13.35 points or 3.63% from its previous closing of Rs. 367.70 on the BSE.
The scrip opened at Rs. 380.00 and has touched a high and low of Rs. 391.95 and Rs. 373.00 respectively. So far 8092 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 457.95 on 15-Jun-2022 and a 52 week low of Rs. 138.00 on 20-Dec-2021.
Last one week high and low of the scrip stood at Rs. 391.95 and Rs. 324.60 respectively. The current market cap of the company is Rs. 483.61 crore.
The promoters holding in the company stood at 61.10%, while Non-Institutions held 38.90% stake in the company.
Dynacons Systems & Solutions has won the prestigious contract worth Rs 116 crore for the setup of Private Cloud solution for Union Bank. The order covers Supply, Installation, configuration, implementation and maintenance for Hyper-Converged Infrastructure and Software Solution for the Bank’s On-Premises Private Cloud from Union Bank of India.
Union Bank of India is one of the largest Government Bank having Head office at Mumbai and 9400+ Branches & 125 Regional offices spread across the country. The private cloud solution will help standardize and automate its processes. The Hyper-Converged IT infrastructure will allow the bank to scale faster, offer technology enhancements quicker, reduce operational complexity, and automate application provisioning and deployment. The solution involves the integration of products of HP Enterprise, VMWare, Red Hat and Microsoft.
The scope of work includes deployment of private cloud solutions and related software along with Supply, Installation and Commissioning of vSAN ready Hyper-Converged nodes, all flash NAS storage, the private cloud solution and related software would be deployed at Bank’s Primary Site at Mumbai and DR site at Bengaluru, supply & implementation of licenses of VMware Hypervisor, vVSAN, vROPS, NSX and private cloud suite as per the proposed vSAN ready HCI nodes and the project covers 5 years and will have a Guaranteed uptime of minimum 99.95% for 24 x 7 x 365.
Dynacons Systems & Solutions is an IT company with global perspectives.
