Dynacons Systems & Solutions Limited has informed the Exchange about intimation for securing order worth Rs. 18.84 Crores for CTS Scanners from Bank of Baroda.
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Dynacons Systems & Solutions has secured an order worth Rs. 18.84 Crores (excluding GST) from Bank of Baroda for the supply, installation, and maintenance of CTS (Cheque Truncation System) Scanners. The project covers Bank of Baroda's sponsored Regional Rural Banks (RRBs) and the Bank's subsidiaries, with full rollout expected within 8 weeks of the purchase order. The contract includes comprehensive maintenance with SLA-based support for a period of 5 years. The order is fully domestic and is not a related party transaction.
This is a positive development for Dynacons, adding a meaningful multi-year contract with a major public sector bank. The 5-year maintenance tail provides recurring revenue visibility beyond the initial deployment, which should be viewed favourably by shareholders.