The shares of Tata Consultancy Services Limited (TCS) were trading in green at Rs 3,349 levels till the afternoon on Wednesday. In the past five days, the stock has gained approximately 5 per cent.
The Tata group IT giant became the lone bidder for the much-awaited Bharat Sanchar Nigam Limited (BSNL) 4G rollout soon. TCS will be constructing the towers which will enable the rollout of the services.
The tender was rolled out in January and is worth Rs 28,000 crore under which the company will set up nearly one lakh telephone towers over the next two years.
In addition to that, TCS will also maintain the network for a period of nine years. Tejas Networks, a part of Tata Sons, will be manufacturing network equipment for BSNL.
TCS is not only making its presence stronger but also wider. Recently, it was selected by TAP Air Portugal, a state-owned flag carrier airline of the country, as a partner to help them digitally transform the programs in the aviation industry.
TCS will establish an Airline Digital Center (ADC) in Portugal, staffed with consultants with deep domain knowledge of the airline industry, solution architects, and technology experts.
Along with this, TCS is also responsible for maintaining TAPs data estate and building new analytics which will help in faster decision-making and enhance the customer experience.
In Q2FY23, the IT majors total revenue stood at Rs 55,309 Crore and their net profit was at Rs 10,465 Crore.
TCS is the second-largest company in India after Reliance Industries in terms of market capitalization which is Rs 12,24,318 crore as on November 16th, 2022.
Written by Anoushka Roy
