Wednesday, November 4, 2026

Dynacons shares rise 3% after ₹109 crore private cloud deal with Punjab & Sind Bank

Date:

Shares of Dynacons Systems & Solutions Limited gained as much as 3% on Thursday, February 26, after the company secured a ₹108.88 crore contract from Punjab & Sind Bank for the implementation and management of an on-premises private cloud infrastructure.In an exchange filing, the company said the five-year project involves the supply, design, implementation and ongoing management of private cloud infrastructure for the bank.

Under the scope of the contract, Dynacons will oversee the deployment of IT infrastructure, system software and cloud services to support the hosting of the bank’s applications, including its Data Centre and Disaster Recovery (DC-DR) environment.
Also read: Bandhan Bank Share Price: SBI MF gets RBI approval to increase stake up to 10%
The company said the solution is aimed at providing a scalable and secure private cloud platform with automated scale-in and scale-out capabilities and centralised management.The infrastructure will incorporate technologies from global OEMs such as Dell, VMware, Red Hat and Microsoft. It will include server virtualisation, compute servers, storage solutions, software-defined networking, firewall systems with micro-segmentation, advanced threat prevention, DC-DR replication, container platforms, backup and recovery systems, and migration of existing servers to the new cloud environment.

Dynacons said it will also provide on-site manpower support as part of the engagement.

Also read: Urban Company shares back at their IPO price; Here’s why March is an important month

Dharmesh Anjaria, Executive Director of Dynacons Systems & Solutions Ltd., said the project reinforces the company’s capabilities in delivering secure and scalable private cloud solutions for large institutions.

Following the announcement, shares of the company gained over 3%, hitting the intraday high of ₹945.50. The stock is currently trading 940.95.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Nvidia chief Jensen Huang reportedly targeted in Chinese spy plot | World News

By Jonathan Swan , Maggie Haberman , Ana Swanson...

Anup Bagchi takes charge at HDFC Bank: Can he close the gap with ICICI Bank?

When Anup Bagchi takes charge as MD and CEO...

RBI Bulletin says Indian economy remains resilient but global risks are rising

India’s economy remains resilient despite a worsening global backdrop,...

12 years of Make in India: What worked, what’s unfinished and what comes next

India has made visible gains in manufacturing over the...