RajeshVT,  You can configure the Syslog via the cfgRemoteHosts command using RACADM, as seen here. For cfgRemoteHosts, as seen on page 34 here; For a particular server: racadm config -g cfgRemoteHosts -o cfgRhostsSyslogEnable 1 -m server-n For all servers: racadm config -g cfgRemoteHosts -o cfgRhostsSyslogEnable 1 -m server-all  Let me know if this helps clarify things. 
Experts,  Am looking for assistance to configure syslog on 5K+ poweredge servers using racadm or any other automated way.  Thanks in Advance, Rajesh 
Configure Syslog on 5k Servers