Dynacons wins order worth Rs105 crore from Life Insurance Corporation of India; Stock jumps 5%

18 Aug 2022 , 11:21 AM

Dynacons Systems & Solutions Ltd has won the order from Life Insurance Corporation of India for Workplace Solutions including the Supply, Installation and support of IT Infrastructure for their offices / branches all over India.

The overall Value of the order for all the zones to Dynacons is Rs105 crore.

As per the filing, LIC is one of the oldest & largest Life Insurance Company in India. It has 5 Zonal offices, 117 Divisional offices, 2048 Branch offices & 2900+ other offices.

“The scope of the order includes supply & installation of IT Infrastructure across their offices all over India and also includes 3 years of Services and Support”, the company said in a filing.

At around 11:20 AM, Dynacons Systems & Solutions Ltd was trading at Rs289.15 per share up by Rs13.75 or 4.99% from its previous closing of Rs275.40 per share on the BSE.