Smallcap multibagger stock jumps 13% after securing Rs 249 crore order from RBI – News Air Insight

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Shares of Dynacons Systems & Solutions Ltd surged as much as 13.3% to their day’s high of Rs 1,035 in Wednesday’s session after the company announced that it has won a prestigious software project from the Reserve Bank of India (RBI), with a total cost of ownership of Rs 249.15 crore.

In a press release issued on December 30, the Mumbai-based IT solutions provider said the contract has been awarded by the RBI for the implementation, maintenance and learning services of its Enterprise Applications Platform (EAP) software. The project will be executed over a period of five years under a consumption-based model.

The order marks a significant win for Dynacons, as it involves deployment across RBI’s entire ecosystem, including all data centres, regional offices, zonal training centres and key subsidiaries such as ReBIT, RBIH, DICGC and IFTAS.

According to the company, the Reserve Bank of India is in an advanced stage of building an Enterprise Applications Platform — a comprehensive suite of software tools designed to provide the foundational infrastructure required to develop, deploy and manage enterprise applications at scale. The base layer of the EAP is built on the Red Hat OpenShift Platform Plus, a container orchestration and management system.

Under the contract, Dynacons will be responsible for delivering a robust, scalable and secure EAP solution, while integrating best-in-class software tools from global original equipment manufacturers including IBM, Elastic, Hazelcast, JFrog and Process9.


The scope of work includes setting up a wide range of enterprise-grade capabilities for the RBI. These include centralized log and event monitoring, advanced caching and data management, secure key and credential storage, and enterprise repository and artifact management. The platform will also enable automated workflows and business rule engines, along with comprehensive reporting and analytics.

In addition, the EAP stack will support multilingual translation services across 12 Indian languages and provide high-performance messaging middleware, aimed at improving operational efficiency and scalability across RBI’s technology infrastructure.Dynacons said the project is designed to enhance functionality, security and operational effectiveness for the central bank, aligning with its vision to modernise and standardise enterprise application management across locations and subsidiaries.

The stock has delivered staggering returns in the last 5 years, rising over 1,500%.

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