Dynacons wins prestigious Software project from RBI: Enterprise Application Platform order worth Rs 249.15 Crores

Dynacons Systems & Solutions Ltd, a leading provider of end-to-end IT solutions, is proud to announce the award of a landmark contract by the Reserve Bank of India (RBI) with a Total Cost of Ownership (TCO) of Rs 249.15 Crores. The contract covers the implementation, maintenance and learning services of the Enterprise Applications Platform (EAP) Software at RBI, over a period of 5 years on a consumption based model.

The Reserve Bank of India is in the advanced stage of building an Enterprise Applications Platform (EAP)-a suite of software tools providing the foundational infrastructure for developing, deploying, and managing enterprise applications at scale. The EAP's base layer is built on Red Hat OpenShift Platform Plus, a leading container orchestration and management system. RBI's vision is to enhance this platform with a comprehensive stack of software tools and associated services to maximize functionality, security, and operational effectiveness.

Under this contract, Dynacons will deliver a robust, scalable, and secure EAP solution, integrating best-in-class software tools from global OEMs including IBM, Elastic, Hazelcast, JFrog, and Process9. The project scope spans all RBI Data Centres, Regional Offices, Zonal Training Centres, and subsidiaries such as ReBIT, RBIH, DICGC, and IFTAS.

The EAP stack will provide RBI with:

- Centralized log and event monitoring
- Advanced caching and data management
- Secure key and credential storage
- Enterprise-grade repository and artifact management
- Automated workflow and business rule engines
- Comprehensive reporting and analytics
- Multilingual translation services supporting 12 Indian languages
- High-performance messaging middleware

The turnkey engagement includes the supply of perpetual and subscription licenses, seamless integration with RBI's existing infrastructure, project management, technical support (L2/L3), and extensive training and knowledge transfer for RBI teams.

Shares of Dynacons Systems & Solutions Limited was last trading in BSE at Rs. 912.65 as compared to the previous close of Rs. 928.55. The total number of shares traded during the day was 1828 in over 219 trades.

The stock hit an intraday high of Rs. 934.40 and intraday low of 907.50. The net turnover during the day was Rs. 1690213.00.

Source : Equity Bulls

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