Latest news with #PurchaseOrder
India.com
21-05-2025
- Business
- India.com
Masterstroke by Noel Tata, this Ratan Tata's company gets Rs 29030000000 order from.., can challenge Mukesh Ambani's…
Tata Consultancy Services (TCS), announced that it has secured an additional Advance Purchase Order (APO) of Rs 2,903 crore from the state-owned telecom company, BSNL. The order is for planning, engineering, supply, installation, testing, commissioning and annual maintenance of 4G mobile network at 18,685 sites, TCS said in a regulatory filing. If BSNL gets 4G services developed with the help of TCS, it can give tough competition to Mukesh Ambani's Jio in telecom sector. TCS said that detailed purchase orders will be issued by Bharat Sanchar Nigam Limited (BSNL) to the company in due course subject to fulfilment of certain conditions and documentation as mentioned in the APO. Tejas Network said that it has received an order from TCS for the supply of goods and services for BSNL's 4G project. In an exchange filing, Tejas Network said that it will supply Radio Access Network (RAN) and other equipment worth Rs 1,525.53 crore to TCS for this project. TCS CEO K K Krithivasan had said, 'BSNL contract is 70 percent complete which means that its revenue impact will start tapering from Q4 itself. We're looking for multiple opportunities to compensate the revenue gap from this contract.' In April, TCS reported a 2 percent on-year fall in consolidated net profit to Rs 12,224 crore over the current challenges faced by the IT sector globally. TCS' consolidated revenue from operations increased 5.3 percent year-on-year to Rs 64,479 crore in the quarter ending March, as against Rs 61,237 crore in the same quarter a year ago. (With Inputs From PTI)
The Hindu
21-05-2025
- Business
- The Hindu
TCS bags add-on advance purchase order worth ₹2,903 crore from BSNL
India's largest IT company Tata Consultancy Services (TCS) on Wednesday (May 21, 2025) said it has clinched an add-on Advance Purchase Order (APO) for about ₹2,903 crore from state-owned telecom corporation Bharat Sanchar Nigam Limited (BSNL). The order is for planning, engineering, supply, installation, testing, commissioning and annual maintenance of 4G mobile network at 18,685 sites, TCS said in a regulatory filing. TCS said that detailed purchase orders will be issued by BSNL to the company in due course subject to fulfilment of certain conditions and documentation as mentioned in the APO.
