Dynacon Systems bags Rs 116 crore order from Union Bank of India

Dynacons Systems & Solutions has won a prestigious contract worth Rs116 crore to set up Union Bank’s Private Cloud solution.

Union Bank of India has placed an order for the supply, installation, configuration, implementation, and maintenance of Hyper-Converged Infrastructure and Software Solutions for the Bank’s On-Premises Private Cloud.

Union Bank of India is one of the country’s largest government banks, with headquarters in Mumbai and over 9400 branches and 125 regional offices spread across the country. The private cloud solution will aid in the standardisation and automation of its processes.

The Hyper-Converged IT infrastructure will enable the bank to scale more quickly, provide faster technology upgrades, reduce operational complexity, and automate application provisioning and deployment. The solution incorporates HP Enterprise, VMWare, Red Hat, and Microsoft products.

The project will last 5 years and will have a guaranteed uptime of at least 99.95% 24x7x365.

The scope of order includes supply, installation, and commissioning of vSAN-ready Hyper-Converged nodes, all-flash NAS storage, and deployment of private cloud solutions and related software.

The private cloud solution and associated software would be deployed at the bank’s primary site in Mumbai and its disaster recovery site in Bengaluru.

At around 10.14 AM, Dynacons Systems & Solutions was trading at Rs378 up by 2.8% from its previous closing of Rs367.70 on the BSE. The scrip opened at Rs380 and touched intraday high and low of Rs380 and Rs373 respectively.

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