Dynacons Systems & Solutions saw its share price rise by 6.63% after it won a major contract worth Rs 138 crore from Life Insurance Corporation of India (LIC). At the same time, LIC’s shares also went up by 1.22% to Rs 813 on the BSE.
The contract is for providing digital workplace solutions to LIC. This includes supplying, installing, and maintaining desktop computers and all-in-one PCs. Dynacons will manage the entire IT setup, from delivery and installation to ongoing maintenance and technical support.
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The project is part of LIC’s digital transformation plans and will be carried out across many of its locations. It will run for 3 years and aims to improve LIC’s IT infrastructure, reduce downtime, and ensure smooth daily operations.
An important part of this project is its focus on sustainability. Dynacons will make sure that the systems operate efficiently and support eco-friendly practices. They also plan to run a buyback program to recycle old systems, helping reduce electronic waste and promote a circular economy.
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Dynacons is an IT infrastructure company that offers a range of services, including system integration, network solutions, facility management, security, and software development. LIC, India’s largest life insurance company, has been serving customers for over 65 years.
