Stock Report

Dynacons bags Rs. 116 crores Private Cloud Solution Order for Union Bank of India

Posted On : 2022-12-06 20:35:38( TIMEZONE : IST )

Dynacons bags Rs. 116 crores Private Cloud Solution Order for Union Bank of India

Dynacons Systems & Solutions Ltd has won the prestigious contract worth Rs. 116 Crores for the setup of Private Cloud solution for Union Bank. The order covers Supply, Installation, configuration, implementation and maintenance for Hyper-Converged Infrastructure and Software Solution for the Bank's On-Premises Private Cloud from Union Bank of India.

Union Bank of India is one of the largest Government Bank having Head office at Mumbai and 9400+ Branches & 125 Regional offices spread across the country. The private cloud solution will help standardize and automate its processes. The Hyper-Converged IT infrastructure will allow the bank to scale faster, offer technology enhancements quicker, reduce operational complexity, and automate application provisioning and deployment. The solution involves the integration of products of HP Enterprise, VMWare, Red Hat and Microsoft.

The Scope of work includes

- Deployment of private cloud solutions and related software along with Supply, Installation and Commissioning of vSAN ready Hyper-Converged nodes, all flash NAS storage

- The private cloud solution and related software would be deployed at Bank's Primary Site at Mumbai and DR site at Bengaluru.

- Supply & implementation of licenses of VMware Hypervisor, vVSAN, vROPS, NSX and private cloud suite as per the proposed vSAN ready HCI nodes.

- The project covers 5 years and will have a Guaranteed uptime of minimum 99.95% for 24 x 7 x 365.

"Accelerated adoption of the cloud is opening up all kinds of possibilities in product and business model innovation. A cloud-first digital core is a key to enterprises' growth and transformation journeys. The company's strong service orientation, willingness to invest in the relationship, commitment to deliver impactful outcomes and track record of execution excellence have made us the preferred partner to enterprises in these journeys." said Mr. Parag J. Dalal, Executive Director of the Company."

Shares of Dynacons Systems & Solutions Limited was last trading in BSE at Rs. 367.70 as compared to the previous close of Rs. 363.30. The total number of shares traded during the day was 18854 in over 713 trades.

The stock hit an intraday high of Rs. 381.45 and intraday low of 362.00. The net turnover during the day was Rs. 7071145.00.

Source : Equity Bulls


DynaconsSystemsandSolutions INE417B01040 OrderWin UnionBankofIndia