Synopsis:
Tata Communications has secured a multi-crore project to build an integrated digital infrastructure for GSTAT benches nationwide, reinforcing its role in national digital governance initiatives.
A Tata Group stock rose after the announcement of a strategic multi-crore project win, signaling investor confidence. The project, focused on digital infrastructure for the Goods and Services Tax Appellate Tribunal (GSTAT), is expected to enhance transparency, efficiency, and governance, highlighting the company’s growing role in mission-critical national initiatives.
Tata Communications Ltd, with a market capitalization of Rs. 46,540.50 crore, opened at Rs. 1,613.75, reached an intraday high of Rs. 1,640.65, and had a previous close of Rs. 1,610.95, marking an intraday rise of 1.85 percent.
What’s the News?
Tata Communications has been awarded a strategic project to deliver an integrated digital infrastructure across network fabric, IoT, cloud, and security with unified management for the Goods and Services Tax Appellate Tribunal (GSTAT) benches established by the Ministry of Finance, Government of India.
GSTAT, comprising a principal bench in New Delhi and 31 state benches, adjudicates GST-related disputes. The company will provide a secure, scalable, and intelligent digital ecosystem encompassing LAN, WAN, SDWAN, video conferencing, cloud services, and advanced security solutions.
This infrastructure is designed to automate operations, enhance transparency, enable predictive analytics, support chatbots, and create a resilient platform that accelerates end-to-end tribunal operations, ensures seamless nationwide access, safeguards data, and delivers a frictionless user experience. By modernizing stakeholder engagement with GSTAT, the project strengthens the Government’s vision for efficient taxation and investor confidence.
Comments from the Management
Sumeet Walia, Executive Vice President and Chief Sales & Marketing Officer, Tata Communications, said:
“We are honoured to partner with the Ministry of Finance and be entrusted with building and managing the digital backbone for GSTAT, a reformative institution in India’s taxation landscape.
This collaboration underscores our commitment to leveraging cutting edge technology, deep domain expertise, and our customer-centric approach to strengthen India’s digital governance ecosystem.
With enhanced transparency and secure infrastructure for institutions like GSTAT, which facilitate resolution for taxpayers, this project aligns perfectly with our purpose of supercharging progress and innovation and with the Government’s vision of Digital India.”
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Financial Snapshot
On a quarter-on-quarter basis, Tata Communications’ sales marginally declined from Rs. 5,990 crore to Rs. 5,960 crore, a decrease of 0.5 percent. Operating profit rose from Rs. 1,122 crore to Rs. 1,137 crore, up 1.3 percent, while PBT sharply fell from Rs. 1,193 crore to Rs. 249 crore, a decline of 79.1 percent. Net profit dropped from Rs. 1,041 crore to Rs. 190 crore, down 81.7 percent.
On a year-on-year basis, sales increased from Rs. 5,592 crore to Rs. 5,960 crore, a growth of 6.6 percent. Operating profit remained stable at Rs. 1,137 crore. PBT declined from Rs. 417 crore to Rs. 249 crore, down 40.3 percent, while net profit decreased from Rs. 333 crore to Rs. 190 crore, a fall of 42.9 percent.
About the Company
A part of the Tata Group, Tata Communications is a global digital ecosystem company enabling enterprises to thrive in a rapidly growing digital economy across more than 190 countries. It provides core and next-generation connectivity, cloud hosting, security solutions, collaboration services, and media solutions.
Serving 300 of the Fortune 500 companies, the company connects businesses to 80 percent of the world’s leading cloud providers, establishing itself as a trusted partner in global digital transformation.
Written By Manan Gangwar
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