Dynacons Systems & Solutions Limited has informed the Exchange about Bagging/Receiving of orders/contracts
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Dynacons Systems & Solutions has secured a Rs. 108.88 crore (excluding GST) order from Punjab & Sind Bank for implementing and managing an On-Premises Private Cloud Infrastructure over a 5-year period. The project covers the design, supply, implementation, and ongoing management of IT infrastructure, system software, and cloud services, including Data Center and Disaster Recovery (DC-DR) environments. The solution will use technologies from global OEMs such as Dell, VMware, Red Hat, and Microsoft, and includes server virtualization, software-defined networking, zero-trust security, and migration of existing servers. Punjab & Sind Bank is a nationalized bank with 1,610 branches and 28 zonal offices, making this a high-profile PSU contract for Dynacons.
This is a significant order win that strengthens Dynacons' private cloud portfolio and provides multi-year revenue visibility. Positive for investor sentiment as it validates the company's enterprise IT capabilities and expands its footprint in the banking sector.