Dynacons Systems & Solutions Ltd’s shares increased over 19% on Wednesday, 31 December, after the company announced a deal with the Reserve Bank of India (RBI) for its Enterprise Application Platform (EAP) for a total consideration of Rs 249.15 crore.

Earlier, on Tuesday, the business announced a contract of Rs 249.15 crore with the Reserve Bank of India (RBI). The five-year deal includes implementation, maintenance, and learning services for the central bank’s Enterprise Applications Platform (EAP) software under a consumption-based approach, according to the release.

RBI is nearing completion on an EAP, a set of software tools that will serve as the foundation for designing, deploying, and managing enterprise-scale applications. The platform’s foundation is based on Red Hat OpenShift Platform Plus, a container orchestration and management system, and it will be expanded with other software tools and services to boost functionality, security, and operational efficiency.

According to the deal, Dynacons will provide a scalable and secure EAP solution by integrating software tools from worldwide original equipment manufacturers such as IBM, Elastic, Hazelcast, JFrog, and Process9.

The initiative will be deployed throughout all RBI data centres, regional offices, zonal training centres, and subsidiaries like ReBIT, RBIH, DICGC, and IFTAS, according to the business.

“The turnkey engagement includes the supply of perpetual and subscription licenses, seamless integration with RBI’s existing infrastructure, project management, technical support (L2/L3), and extensive training and knowledge transfer for RBI teams,” the filing said.

Dynacons Systems, a 30-year-old IT firm with worldwide ambitions, has its headquarters in Mumbai and subsidiaries around India. The company has a big pool of technical resources spread across more than 250 locations across India. The company holds all industry-leading certifications, including CMMI Level 5, ISO 9001, ISO 20000, and ISO 27000, among others.

At 1:30 pm, the shares of Dynacons Systems were trading 13.92% higher at Rs 1,039 on NSE. 

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