Business Desk – Dynacons Systems Shares: Shares of Dynacons Systems, a small-cap company in the IT sector, saw a rise on Tuesday. At the time of writing, Dynacons Systems stock was up 17 percent to an intraday high of Rs 1,314.80.
This rise in the company’s stock has come due to an order of Rs 751 crore received from the Reserve Bank of India (RBI). This order received by the company is to the private cloud infrastructure of RBI. The special thing is that on Tuesday the company’s stock also reached a new high of 52 weeks.
Company got order of Rs 751 crore from RBI
In an exchange filing, Dynacons Systems said it has received an order for private cloud infrastructure to be used in the data centers of the Reserve Bank of India. There are many important responsibilities involved in this project. The company will supply the necessary equipment and technology and install them. This will ensure that they are fully functional. Apart from this, the company will also handle integration, maintenance and management services. The company will have to complete this order within a period of five years.
RBI is building a new data center
Dynacons Systems informed that the Reserve Bank of India is building a new data center in Bhubaneswar, Odisha. RBI’s objective is to create a private cloud system that is robust, scalable and secure. The system is designed to support existing and future applications, as well as data analytics operations. The company also said that this system also includes provisions to integrate cloud capabilities to AI in the future.
Project Scope
Private cloud infrastructure projects involve installing a variety of hardware and software. This includes purchasing and installing servers, storage systems, SAN switches, physical racks to house the devices, and necessary software licenses. The project also includes providing support and services for a period of five years.
What will the company do?
According to Dynacons, the company will manage the entire project from beginning to end. This includes providing the necessary equipment, designing the system, installing it, setting it up, and integrating it with the existing data center system of RBI.
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