Dynacons Systems and Solutions Limited Secures Rs 125.88 Crores Project from Central Bank of India
Dynacons Systems and Solutions Limited has secured a major technology project valued at Rs 125.88 crores (excluding GST) from the Central Bank of India. The contract involves the expansion and modernization of the Bank's core IT infrastructure, focusing on establishing an enterprise Private Cloud platform, implementing a containerization system, and deploying advanced GPU-enabled computing capabilities based on NVIDIA H200 Blackwell GPUs.The project engagement is set for a duration of five years and encompasses the entire scope of the bank’s technological advancement, including supply, implementation, and ongoing support services.
Project Scope and Technological Focus
The contract involves the end-to-end expansion of the Central Bank of India's Private Cloud environment. This initiative is designed to ensure high availability and scalability for the Bank’s operations. Key deliverables include:- Private Cloud Establishment: Deployment of a secure, automated, on-premises Private Cloud platform based on x86 architecture.
- AI/ML Infrastructure: Provisioning and deployment of GPU-enabled computing infrastructure specifically designed to support AI/ML workloads, including model development, training, inference, and analytics.
- Containerization Platform: Implementation of an enterprise Kubernetes-based container platform to enable cloud native application modernization.
The solution is designed to integrate seamlessly with the Bank's existing IT, security, and operational systems, adhering strictly to the Bank's IT Security policies, internal guidelines, and regulatory standards.
Client Details and Engagement Structure
Central Bank of India, a leading Public Sector Bank established in 1911, will utilize Dynacons’ services for its technological modernization goals. The contract ensures comprehensive maintenance, upgrades, and lifecycle management support from Dynacons Systems and Solutions Limited. Furthermore, the engagement includes providing Managed Services at the Central Bank of India Data Center (DC), Disaster Recovery (DR) site, and designated locations on a 24x7x365 basis.The business details for this significant contract are summarized below:
| Particular | Detail |
|---|---|
| Entity Awarding Order | Central Bank of India |
| Contract Value | Rs 125.88 crores (Excluding GST) |
| Project Duration | 5 years |
| Nature of Order | Expansion and modernization of IT Infrastructure |
| Relationship Status | Not a related party transaction |
DSSL Stock Price Movement
Shares of Dynacons Systems & Solutions Limited are edging higher to ₹1290 as of 1:32 PM, after gaining ₹1.30 or 0.10% in live trading today. The stock continues strong movement, with a volume of 247,670 shares being processed during the current market session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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