Dynacons Systems & Solutions Ltd has secured a significant contract from the Reserve Bank of India worth ₹750.82 crore (including GST) for building private cloud infrastructure for its data centres. According to reports from CNBC TV18, this major win represents a substantial order in the company's cloud and data centre segment. The order involves the supply, installation, implementation, integration, maintenance, and facilities management services for private cloud infrastructure for the Reserve Bank of India's data centres at its upcoming new facility in Odisha.
The project involves the supply, installation, implementation, integration and long-term management of private cloud infrastructure as part of the central bank's next-generation data centre (NGDC) initiative. As reported by CNBC TV18, the new facility is being constructed in Bhubaneswar, Odisha, designed to be a state-of-the-art, energy-efficient greenfield data centre equipped with advanced technologies. The Reserve Bank of India is setting up a state-of-the-art, energy-efficient Greenfield Next Generation Data Centre in Bhubaneswar and plans to build a robust, scalable, and secure private cloud infrastructure to support its current and future digital, application, and analytics needs, with scope for future AI cloud integration.
According to the contract mandate, Dynacons will deploy servers, unified storage systems, SAN switches, physical racks and associated software licences. The scope includes end-to-end design, installation, implementation, integration, maintenance, upgrades, vulnerability management, and continuous technical monitoring of the solution, while ensuring secure compatibility with the RBI's AI cloud infrastructure. The infrastructure is designed to support current and future application workloads, including advanced analytics, with provisions for secure integration with artificial intelligence cloud capabilities.
Ahead of the announcement, shares of Dynacons Systems and Solutions Ltd closed at ₹1,120, up 2.92% on the NSE, as reported by CNBC TV18. This positive market reaction reflects investor confidence in the company's ability to execute large-scale infrastructure projects and strengthen its position in the enterprise and institutional cloud services space. The company's shares have staged a strong comeback in April, surging 39% after closing lower in two of the previous three months, though the stock still trades at a 35% discount to its peak.
This order builds on the company's recent momentum in the cloud and data centre segment, following a ₹108.88 crore contract from Punjab & Sind Bank in February for implementing and managing an on-premises private cloud infrastructure over five years. According to CNBC TV18, with increasing investments in digital infrastructure, particularly in secure and scalable cloud ecosystems, Dynacons' latest win positions it strongly in the enterprise and institutional cloud services space. The stock has delivered impressive long-term returns, trading 191% higher over the last three years and 1,332% higher over five years, though it has struggled recently with 12 of the following 20 months ending in the red.
