Blitz Bureau
Tata Consultancy Services (TCS) on May 21 announced that the company has won an add-on advance purchase order worth Rs 2,903 crore from BSNL for works related to its 4G mobile network.
In an exchange filing, the IT major said that the add-on order is associated with the planning, engineering, supply, installation, testing, commissioning and annual maintenance of BSNL’s 4G mobile network at 18,685 sites.
Meanwhile, Tejas Network also 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 added that more details about the purchase order will be issued by BSNL in due course after certain conditions and documentation are completed, as mentioned in the order.
Notably, TCS is already a part of a Rs 15,000-crore deal with BSNL which involves establishing data centres and 4G sites across India, while laying the foundation for future 5G infrastructure.
Earlier in January this year, TCS CEO K K Krithivasan had said, “BSNL contract is 70 per cent 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 this year, TCS had reported 2 per cent on-year fall in consolidated net profit to Rs 12,224 crore, amid the ongoing macroeconomic headwinds for the IT sector. TCS’ consolidated revenue from operations rose 5.3 per cent year-on-year to Rs 64,479 crore in quarter ended March, against Rs 61,237 crore in the same quarter a year ago.