Dynacons Systems & Solutions Limited witnessed its shares climb over 3% after announcing a significant contract win worth ₹280 crore, focusing on upgrading Canara Bank’s IT infrastructure. The five-year project will enhance the bank’s Data Center (DC) and Disaster Recovery Center (DRC), showcasing Dynacons’ capability in delivering cutting-edge IT solutions.
Key Project Highlights:
- Contract Value: ₹280 crore (inclusive of GST)
- Scope of Work:
- Supply, installation, configuration, and maintenance of 500 servers.
- Integration of advanced IT hardware and software for Canara Bank’s DC and DRC.
- Execution Timeline: 5 years
- Technologies Utilized: Dell Technologies servers, IBM WebSphere, Red Hat, Microsoft Windows & SQL, JBoss Enterprise.
- Strategic Importance: Supports Canara Bank’s digital transformation initiatives, enhancing scalability, security, and compatibility with existing systems.
Strategic Impact:
The project underscores Dynacons’ expertise in providing end-to-end IT infrastructure solutions for large-scale BFSI projects. The enhancements are expected to bolster Canara Bank’s operational efficiency, security, and overall business growth.
Leadership Commentary:
Shirish M. Anjaria, Chairman and Managing Director of Dynacons, highlighted the importance of this achievement, stating, “This milestone not only solidifies Dynacons’ leadership in the IT infrastructure space but also positions us for future collaborations with other leading financial institutions.”
