Dynacons Systems & Solutions Limited has informed the Exchange about Bagging/Receiving of orders/contracts
DSSL · price
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Awaiting price reaction for this filing.
Dynacons Systems & Solutions has secured a significant order from State Bank of India (SBI) valued at Rs. 62.98 crores (excluding GST). The contract involves supply, installation, commissioning and maintenance of a Versa-make secured SD-WAN solution across 4 data centres and 7,000 branches of SBI across India. The contract is for 7 years and includes 24x7x365 support with committed SLAs. SBI is India's largest public sector bank and the solution will also cover SBI-sponsored Regional Rural Banks (RRBs). The order is domestic, not a related party transaction, and promoters have no interest in SBI.
This is a sizeable, multi-year contract from a prestigious public sector banking client, which strengthens Dynacons' order book and provides revenue visibility for 7 years. For a mid/small-cap IT services company, winning such a large, marquee PSU banking order is a positive signal for business growth and could boost investor sentiment, though the stock reaction will depend on execution and quarterly revenue recognition.