{"id":103199,"date":"2023-05-22T14:04:55","date_gmt":"2023-05-22T08:34:55","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=103199"},"modified":"2023-05-22T14:05:58","modified_gmt":"2023-05-22T08:35:58","slug":"2-tata-group-stocks-jump-after-they-bag-orders-worth-15000-crore-from-bsnl","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/2-tata-group-stocks-jump-after-they-bag-orders-worth-15000-crore-from-bsnl\/","title":{"rendered":"2 Tata Group stocks jump after they bag orders worth \u20b9 15,000 crore from BSNL\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-602461822\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>A consortium led by <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TCS\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Tata Consultancy Services<\/a><\/strong> (TCS), the flagship company of the Tata Group, received an advance purchase order (APO) worth over \u20b9 15,000 crores from Bharat Sanchar Nigam Ltd. (BSNL), a public sector undertaking for the deployment of a 4G network across India.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-368311031\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The TCS-led consortium includes Tata Group\u2019s telecom gear-making company <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TEJASNET\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Tejas Networks<\/a><\/strong> and the Centre for Development of Telematics (C-DoT). State-run <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/ITI\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">ITI Ltd.<\/a><\/strong> has also been issued advanced purchase orders. As a part of the deal, Tejas Networks will supply and service the Radio Access Network (RAN) equipment to BSNL.\u00a0<\/p><p>This is the third major deal that the IT leviathan bagged this year and it came at a crucial time when TCS\u2019s major markets such as US and Europe are slowing down. It had signed a $723-million deal with the UK-based Phoenix Group and another one with British retailer Marks and Spencer (M&amp;S) for about $ 1 billion, according to reports.&nbsp;<\/p><p>Tejas Networks gained 4.94% to reach an intraday high of \u20b9 674.50 apiece, while ITI rose 5.11% higher to reach an intraday high of \u20b9 109.95. TCS gained 1.52% to reach an intraday high of \u20b9 3,271.95 apiece.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3792471652\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>According to analysts, about 20% of the deal value will go to ITI. They say that while the deal will boost revenue for TCS, it could also be margin dilutive as other players are involved.&nbsp;<\/p><p>The Union Cabinet, in July 2022, had approved a \u20b9 1.64 lakh crore revival package for BSNL, which included cash support of \u20b9 43,964 crore and non-cash support of \u20b9 1.20 lakh crore.&nbsp;<\/p><p>The package had three major elements \u2014 improving the quality of BSNL\u2019s services, de-stressing the balance sheet, and expanding the fibre reach through a merger with Bharat Broadband Network Limited (BBNL). The TCS-ITI agreement is probably included in the same package, and 100,000 towers or sites should see the rollout of BSNL&#8217;s 4G services.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2074192884\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>A consortium led by Tata Consultancy Services (TCS), the flagship company of the Tata Group, received an advance purchase order (APO) worth over \u20b9 15,000 crores from Bharat Sanchar Nigam Ltd. (BSNL), a public sector undertaking for the deployment of a 4G network across India.\u00a0 The TCS-led consortium includes Tata Group\u2019s telecom gear-making company Tejas [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":14024,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[6511,948,936,3103,3678,4141,7544,4107,8063,8062],"class_list":["post-103199","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-iti-limited","tag-stock-market","tag-stock-market-news","tag-tata-group-stock","tag-tata-group-stocks","tag-tata-group-stocks-returns","tag-tcs-latest-news","tag-tcs-share-price","tag-tejas-networks-latest-news","tag-tejas-networks-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2 Tata Group stocks jump after they bag orders worth \u20b9 15,000 crore from BSNL\u00a0 - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"A consortium led by Tata Consultancy Services (TCS), the flagship company of the Tata Group, received an advance purchase order (APO) worth over \u20b9 15,000 crores from Bharat Sanchar Nigam Ltd. 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