TCS gains on plan to double capacity at its Hyderabad delivery centre

05 Sep 2014

Tata Consultancy Services is currently trading at Rs. 2597.00, up by 12.85 points or 0.50% from its previous closing of Rs. 2584.15 on the BSE.

The scrip opened at Rs. 2592.00 and has touched a high and low of Rs. 2620.00 and Rs. 2583.10 respectively. So far 22300 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2627.30 on 04-Sep-2014 and a 52 week low of Rs. 1895.10 on 16-Sep-2013.

Last one week high and low of the scrip stood at Rs. 2627.30 and Rs. 2515.00 respectively. The current market cap of the company is Rs. 508475.99 crore.

The promoters holding in the company stood at 73.90% while Institutions and Non-Institutions held 21.63% and 4.47% respectively. 

Tata Consultancy Services (TCS) is planning to double its capacity at its largest delivery centre in Adibatla in Hyderabad.  The capacity addition of 28,000 employees will happen over a period of three to four years.

The new delivery centre commenced its first phase of operations on September 1 and has 27,000 seats and built over an area of 79 acres. Moreover, the company with a headcount of over 3 lakh announced a projection of adding 55,000 employees in FY 2014-15. At present, the company has 26,000 employees across delivery locations in Hyderabad and adds around 3,000 to 3,500 workforce annually.

TCS is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPO, infrastructure, engineering and assurance services.

 

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