Economy
Data center demand drives Rs 12,000 crore orders for Indian firms
financialexpress1h
THE BRIEF
1
Indian IT system integrator Dynacons Systems secured major contracts totaling over Rs 1,144 crore in Q1FY27, driven by surging demand for data center and cloud infrastructure.
2
The company won a 5-year, Rs 750.8 crore contract from the Reserve Bank of India, a Rs 267.6 crore mandate from the NPCI, and a Rs 125.9 crore deal from the Central Bank of India.
3
Dynacons reported a structural margin improvement, with EBITDA margins rising to 12.8% in Q1FY27 from 4.2% in FY21, as data center revenue grew at a 52% CAGR over five years.