
TCS wins new ₹2,903.22 crore advance purchase order from BSNL
NEW DELHI: Homegrown IT services firm
Tata Consultancy Services
(TCS) has won a new advance purchase order (APO) worth ₹2,903.22 crore from state-controlled
Bharat Sanchar Nigam Limited
(
BSNL
) for its
4G network
at 18,685 sites.
'...the company has, on May 20, 2025, received an add-on Advance Purchase Order (APO) for ₹2,903.22 crore (inclusive of taxes) from BSNL for planning, engineering, supply, installation, testing, commissioning and annual maintenance of 4G mobile network at 18,685 sites,' the Mumbai-headquartered IT firm said in a regulatory filing Wednesday.
Tejas Networks
separately said, 'The value of supplies for Radio Access Network (RAN) and other equipment to TCS from Tejas for this deployment is expected to be approximately ₹1,525.53 crores (exclusive of taxes).'
TCS shares were up by 0.42% at ₹3,512.60, while Tejas was trading 3.02% higher at ₹745.50 on the Bombay Stock Exchange (BSE) Thursday in opening hours.
A TCS-led consortium, which includes the
Centre for Development of Telematics
(
C-DoT
) and homegrown gear maker Tejas Networks, along with ITI Limited, is deploying a commercial 4G network for the telecom PSU under a ₹19,000 crore deal. This also includes network upgradation to fifth-generation (5G) technology.
While the Tata group's IT services arm is the system integrator, Tejas is supplying 4G/5G network equipment and C-DoT is supplying its network core solutions.
In August 2023, Tejas had bagged a ₹7,492 crore (about $900 million) contract to supply its latest 4G/5G RAN for BSNL's pan-India network, spanning 100,000 sites.
Anand Athreya, CEO & MD of Tejas Networks, at the company's latest post-earnings conference call said that the company has shipped 1 lakh sites for the
BSNL 4G network
, a milestone it achieved in 1.5-2 years.
'This is one of the largest single-vendor RAN network in the world ever delivered in record time. So I think I'm very proud of the team and also the consortium of TCS, C-DoT and also our customer BSNL for actually helping us make this happen,' Athreya had said.
Arnob Roy, COO & whole-time director at Tejas Networks, said during the call that the company is in 'advanced stage of discussions' with BSNL for follow-up deals for 4G and 5G networks, and expects to conclude these talks soon.
'BSNL has 100,000 towers, but many private operators have upwards of 200,000 towers. So we do look forward to a lot of the expansion of BSNL network for them to be able to compete with those operators,' the COO had said, adding that the network expansion represents a significant opportunity for Tejas Networks, both in terms of 4G network as well as upgrades to 5G, which is part of the tender that came out.
'There's a significant number of 5G upgrades as well. So a lot of work is going on in that area, a lot of trials and testing and PoCs are going on. And hopefully we should see some good business coming out of that, out of that incumbency that we have in the network,' he had said.
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The Print
32 minutes ago
- The Print
‘What about Goanness?': Goa taxi drivers resist govt proposal to bring in app-based cabs
The fear is that the move will threaten the 'Goanness' of Goa's private transport industry, hurt the livelihoods of local taxi owners and flood the market with drivers from outside the state. While Goan taxi owners cite several technical objections to the entry of private app-based aggregators, at the heart of the argument is one key insecurity that is being voiced across multiple sectors in the state. Mumbai: Even as the summer recedes and the rain sets in, Goa is on the boil with the state's taxi drivers protesting against the Pramod Sawant-led government's plan of opening up the market for private app-based taxi aggregators. 'Goa's taxi drivers are the state's brand ambassadors. When tourists arrive, they first sit in the taxi from the airport. We are the first locals they interact with and we give them information on where to go, what to try, what to stay away from, etc,' Savio Valencio Goes, vice-president of North & South Goa Taxi Owners Association, told ThePrint. The overall fear is that Goa is being taken over by non-Goans everywhere, whether it is the staff that works in the state's hotels and resorts, or at restaurants and shacks. 'If all jobs are done by non-Goans, then what is the Goa that the tourists will experience?' asked Goes. The Goa government last month published draft guidelines on enabling the entry of private app-based taxi aggregators in the state. While taxi drivers in Goa have staunchly resisted the idea, tourists have often complained about Goa's taxi drivers overcharging them, not being available at all times and so on. This April, a video of a tourist slamming Goa's cab drivers as 'mafia' had gone viral on social media platforms, after which the taxi union leaders filed a police complaint objecting to the remark. The state's guidelines lay down a regulatory framework for private app-based taxi aggregators, listing the licensing fees, the tariffs, the kind of vehicles and drivers they can onboard, the fare to be received by the taxi owner, and so on. The North & South Goa Taxi Owners Association has called upon all the 23,000-24,000 taxi drivers of the state to submit their objections to the draft rules. The Goa government, meanwhile, has called upon private taxi drivers to join the two government-supported taxi aggregators that are already functional in Goa—Goa Miles and Goa Taxi app. 'We don't mind joining them, but there is absolutely no transparency. And there are basic issues that come up in the functioning of app-based aggregators,' Goes said. Speaking to reporters in Goa Monday, state transport minister Mauvin Godinho said: 'This is just a draft notification. We will take all stakeholders in confidence. We are having consultations with different bodies of industry, the tourism sector, the common man. We have given everyone one month to take feedback. It is not that the guidelines are final.' Also Read: Goa's resentment toward outsiders and settlers is rising. Calangute tourist tax is a sign The many objections The foremost concern of local taxi drivers over the new draft guidelines of the Goa government is that none of them was called as stakeholders in discussions that were held in the run up to the formation of the draft. In the memorandum of objections that the drivers are submitting to the Goa transport department, they call themselves the 'primary stakeholders of Goa's transport business'. 'Our practical experience and insights into the local transport landscape are invaluable, and their omission has resulted in a document that appears to overlook the ground realities and welfare of existing operators,' the memorandum, seen by ThePrint, says. It adds that large cab aggregator companies will have vast resources and aggressive market strategies. They fear that these companies could easily monopolise the transport sector and drive out local operators. 'This would lead to a significant loss of income and employment for Goan families,' the memorandum adds. It further suggests that the role of aggregators should be limited to pick-up and drop facilities in Goa, and they should not be permitted to enter the area of tourism services. These include facilitating bookings for local sightseeing tours, transporting to and from events, spice plantation visits, cruise bookings and so on. The memorandum also says that app-based services will not work in Goa because the state lacks the supporting infrastructure in many places. At several tourist spots, it states, there is inconsistent and poor cellular phone network. Tourists will have trouble finding a cab, and drivers too might be unwilling to ply to such destinations. 'Mandating a system heavily reliant on smartphone applications will disproportionately disadvantage both taxi operators and tourists in these areas,' the memorandum adds. Finally, it says that the guidelines are not transparent regarding fare structure for aggregators. It asserts that the current fare structure for private taxis is also outdated and needs to be revised keeping in mind the increase in petrol and diesel prices. Anand Naik, a taxi driver based in Vasco da Gama, told ThePrint that most Goans have their own cars and two-wheelers and don't need taxis. It is the tourists who do. 'If the tourists start using aggregator services, what will happen to Goans like us who have been driving taxis for generations?' Naik asked. He said that aggregator services may not be feasible in Goa as a lot of journeys are one way. Drivers would have to return to their main stand without a fare, he explained. State's guidelines for app-based aggregators In 2018, the Goa government had launched the Goa Miles cab aggregator service in collaboration with a private company. In 2023, it also launched the Goa Taxi app that allows people to book cabs online to travel anywhere in the state. Private taxi operators say that only a handful—about 2,000 to 3,000 taxi owners—have come on board these two platforms. The new draft guidelines, published on 20 May this year, aim to smoothen the entry of private companies in the app-based transport aggregator business too. The guidelines state that only companies which have obtained a valid licence from the Goa government can operate in the state. The aggregator should also either have a registered office in Goa or have a registered office somewhere in India, and a branch in Goa. The aggregator further has to ensure health insurance for drivers of not less than Rs 10 lakh with a 5 percent increase every year. According to the guidelines, the aggregator has to ensure that the cab owner receives at least the fare that has been prescribed by the government and not make any deductions from it. Moreover, the fare has to be settled with the taxi owner within 72 hours. In case the aggregator fails to settle the dues within the prescribed time frame, the company will have to shell out 25 percent of the dues as penalty for every day of delay. The guidelines also provide for a grievance redressal mechanism. (Edited by Nida Fatima Siddiqui) Also Read: The real problem to Goa tourism isn't from social media. Sea view homes are killing mangroves
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Business Standard
2 hours ago
- Business Standard
Wockhardt eyes $9 bn market opportunity for novel antibiotic Zaynich
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News18
2 hours ago
- News18
'A Punching Bag?': Harsh Goenka's 'Justice' Post Gets Vijay Mallya's Thumbs-Up
Last Updated: Goenka questioned why Mallya was still a "punching bag" despite his loan recovery and said justice must be fair. Mallya is accused of defaulting on loans worth Rs 9,000 crore. Business tycoon Harsh Goenka's recent social media post, where he questioned why fugitive businessman Vijay Mallya continues to be a 'political punching bag" despite the recovery of his loans, has reignited the debate surrounding one of India's most high-profile financial scandals. The RPG Enterprises Chairman acknowledged that Mallya had 'lived the high life" and defaulted on his loans, but stressed that his dues worth over Rs 9,000 crore had been settled. He emphasised that justice must be fair and not selective. 'Vijay Mallya lived the high life, yes. Defaulted, yes. Unlike most others, his ₹9,000+ crore dues are now reportedly settled. Meanwhile, bigger defaulters walk free with much fatter haircuts from banks. If dues remain, the banks should clearly say so. If not, why is he still a political punching bag? Justice must be fair, not selective," Goenka said on X. Vijay Mallya lived the high life, yes. Defaulted, yes. Unlike most others, his ₹9,000+ crore dues are now reportedly settled. Meanwhile, bigger defaulters walk free with much fatter haircuts from banks. If dues remain, the banks should clearly say so. If not, why is he still a…— Harsh Goenka (@hvgoenka) June 5, 2025 Mallya swiftly responded to Goenka's post, saying, 'Thank you Harsh. The Union Finance Ministry has confirmed in writing that Banks have recovered Rs 14,100 crores from me against a DRT judgement debt of Rs 6,203 crores. Why the blatant discrimination?" Thank you Harsh. The Union Finance Ministry has confirmed in writing that Banks have recovered Rs 14,100 crores from me against a DRT judgement debt of Rs 6,203 crores. Why the blatant discrimination ?— Vijay Mallya (@TheVijayMallya) June 5, 2025 'Vijay Mallya didn't repay out of goodwill. His assets were seized and auctioned after years of dodging Indian courts and living lavishly in the UK," another user said. Others agreed with Goenka's statement, saying Mallya had been unfairly targeted. Mallya is an accused in a bank loan default case of over Rs 9,000 crore from an SBI-led consortium, involving his defunct Kingfisher Airlines. He was accused of fraud and money laundering and fled the country in 2016. He has since lived in the UK while fighting his extradition to India. Last year, the Enforcement Directorate said it had recovered Rs 22,280 crores from various banking scams, from the high-profile names like Mehul Choksi, Nirav Modi and Vijay Mallya and some fraudulent companies. In February, Mallya told the Karnataka High Court that the Rs 6,200 crore debt he owes to banks has been recovered 'multiple times over". 'According to an admitted statement, as of today, the recovery officer confirms that Rs 10,200 crore has been recovered. Additionally, the official liquidator states that the banks have regained their dues, and even the Finance Minister informed Parliament that Rs 14,000 crore has been recovered," he said at that time. The 69-year-old businessman was declared bankrupt in July 2021. He remains on bail in the UK while a 'confidential" legal matter believed to be related to an asylum application is resolved in connection with the unrelated extradition proceedings. A consortium of banks, led by SBI, won their court appeal in London to uphold a bankruptcy order against him in April.