The shares of the world’s largest global Ethernet service provider rose around 2 percent to Rs 1,736.55 per share after Jaguar Land Rover partnered with a company to advance its digital transformation efforts and embrace evolving standards such as Industry 4.0 and advanced analytics.
At 3:05 p.m., Tata Communications Ltd shares were trading at Rs 1,735.50 per share, up 1.67 percent from the previous close price. The company has a market capitalization of Rs 49,446 crore.
The collaboration aims to enhance the following aspects of JLR’s business
● Tata Communications to deploy its cloud-first, software-defined wide area network (SD-WAN) technology, connecting all JLR’s 128 sites worldwide. This advanced global connected capability will significantly boost supply chain efficiency and security.
● The partnership will power the production of JLR’s next-generation vehicles and strengthen and support JLR’s digital transformation strategy
● The transformation will enable JLR to bring in AI-powered and real-time data capturing, monitoring, and analysis to improve production line performance. Through predictive risk management controls.
● Furthermore, this collaboration will drastically reduce the time required to modernize manufacturing processes, boost operational resilience, and increase agility to meet production needs. JLR anticipates considerable cost reductions as well as commercial benefits from scale and security.
Tata Communications revenue has jumped by 10 percent yearly, from Rs 4,430 crore in Q2FY23 to Rs 4,872 crore in Q2FY24. In the same timeframe, Net profit has significantly declined by 58 percent from Rs 527 crore to Rs 220 crore.
Tata Communications shares have gained 35 percent in a year and 31 percent on a year-to-date basis. The company aims to grow its US business to $700 million billion in three years.
The company CAPEX for the ongoing year was Rs 1,689 Crores as compared to Rs 1,608 Crores in FY22. while Free Cash Flow for FY23 was at Rs 2,539 Crore
Tata Communications Ltd is the world’s largest leader in the digital ecosystem. It collaborates with 300 Fortune 500 companies to provide cutting-edge solutions such as communication, integrated solutions, network, and data center services. The company connects businesses to 80% of the world’s cloud giant
The company owns and operates the world’s only wholly-owned fiber optic subsea network ring around the globe and is the world’s largest wholesale voice provider. It offers international and national voice and data transmission services, selling, and leasing of bandwidth.
Written by Omkar Chitnis
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