The order, awarded by the state-owned lender, involves the expansion and modernisation of the bank’s technology backbone and includes the deployment of GPU-enabled computing infrastructure, an enterprise private cloud environment and a containerisation platform based on Kubernetes.
The project will be executed over a five-year period. The company disclosed the development in a regulatory filing on Monday.
According to the filing, the scope of work covers the supply, implementation and support of an enterprise-grade private cloud infrastructure, deployment of advanced GPU systems for artificial intelligence and machine learning applications, and the establishment of an on-premises container platform to support cloud-native workloads.
The project is also expected to support AI and analytics workloads, including model development, training and inference, while integrating with the bank’s existing technology, security and operational systems. Dynacons said the engagement includes lifecycle support, maintenance and upgrades throughout the contract period.
Central Bank of India is undertaking a broader technology modernisation programme aimed at strengthening its digital infrastructure and enhancing computing capabilities. The new platform is designed to provide a scalable and secure environment capable of supporting future AI and cloud-native applications.
The latest order adds to a growing list of large mandates secured by Dynacons. In May, the company won a ₹750.82 crore contract from the Reserve Bank of India for the supply, installation, implementation and management of private cloud infrastructure for the central bank’s next-generation data centre project.
Also Read: Dynacons Systems bags ₹751 crore RBI cloud deal; strengthens data centre play
The RBI mandate involves the establishment of a robust and scalable private cloud environment for current and future application workloads, with provisions for integrating AI cloud capabilities. The project includes deployment of servers, storage systems, software licences, SAN switches and associated infrastructure over a five-year execution period.
The order had drawn significant investor attention given its size, with the contract value representing roughly half of Dynacons’ market capitalisation at the time of the announcement. Shares of the company surged nearly 15% following the disclosure on May 5.
