TCS surges on deploying digital solution for London’s new freight ferry port

Tata Consultancy Services is currently trading at Rs. 2268.25, up by 69.25 points or 3.15% from its previous closing of Rs. 2199.00 on the BSE.

The scrip opened at Rs. 2208.70 and has touched a high and low of Rs. 2269.00 and Rs. 2206.25 respectively. So far 1203839 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2296.00 on 03-Sep-2019 and a 52 week low of Rs. 1504.40 on 13-Mar-2020.

Last one week high and low of the scrip stood at Rs. 2269.00 and Rs. 2075.85 respectively. The current market cap of the company is Rs. 847663.71 crore.

The promoters holding in the company stood at 72.05%, while Institutions and Non-Institutions held 23.80% and 4.14% respectively.

Tata Consultancy Services (TCS) has successfully deployed TCS DynaPORT, a state-of-the-art terminal operating system at Tilbury2 Ro-Ro, Forth Ports’ latest unaccompanied freight ferry terminal opened recently in London. The company has implemented this solution on schedule, 100% virtually during the COVID-19 lockdowns, leveraging the Secure Borderless Workspaces (SBWS) model.

Tilbury2 Ro-Ro terminal is a 500,000-freight unit ferry terminal at the port of Tilbury on the River Thames, London. The bespoke terminal operates on unaccompanied freight mode, importing and exporting freight containing vital supplies for the UK, including food, drink and medicines to and from continental Europe. To streamline its operations, establish world-class benchmarks, and support its future growth, Forth Ports selected TCS’ DynaPORT as its terminal operating system. The platform is already implemented within Forth Ports Lo-Lo container terminals operating at the Port of Tilbury and the Port of Grangemouth in Scotland, allowing all three freight terminals to operate on the same IT platform.

TCS DynaPORT is a one-stop digital terminal operating solution that streamlines order-to-invoice processes and supports multi-modal (vessel, rail, truck and barge) and multi-purpose (container, breakbulk, liquid bulk, dry bulk and ro-ro) requirements. It currently powers over 80 terminals across the globe.

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years.