Dynacons Systems & Solutions has been awarded a ₹280 crore contract by Canara Bank to augment its data centre infrastructure. The 5-year project includes 500 servers, storage, and IT hardware/software solutions.
On January 01, 2025, Dynacons Systems & Solutions’ share price traded 5.03% higher at ₹1,443.65 at 9:30 AM on the BSE. The stock opened at ₹1,418, higher than the previous close of ₹1,374.45. Meanwhile, shares of Canara Bank traded 0.25% lower at ₹99.90 on the BSE.
This turnkey project involves the supply, implementation, and maintenance of 500 servers, high-performance storage systems, and a variety of IT hardware and software. The project, which will last 5 years, focuses on enhancing the bank’s digital foundation, ensuring better performance, and optimising its infrastructure.
The initiative will support Canara Bank’s digital transformation, enabling improved scalability, security, and performance for the bank’s vast network of branches across India and globally. Dynacons’ expertise and commitment to providing end-to-end solutions were crucial factors in securing this large-scale contract.
This upgrade will help Canara Bank enhance its digital services while ensuring reliability and security in its operations, Dynacons Systems said in a press release on the stock exchanges.
The scope of work includes a comprehensive array of advanced technologies from industry leaders like Dell Technologies, IBM, and Microsoft, aimed at driving faster scalability and optimised IT performance.
Dynacons Systems & Solutions is a 29-year-old IT company with global perspectives with its headquarters in Mumbai and branches all over India. The company has a large pool of technical resources at more than 250 locations across India.
Dynacons undertakes all activities related to IT infrastructure including infrastructure design and consulting services, turnkey systems integration and set up of large Network and Data Centre infrastructures including supply of associated equipment and software.
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Published on: Jan 1, 2025, 9:38 AM IST
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