IT major TCS has signed an over $50 million deal with Australia-based energy supplier AGL. The contract is an extension of AGL’s relationship with TCS. It spans five years and covers infrastructure management services. TCS had inked a $16 million outsourcing contract with the electricity provider in 2007 to work on multiple SAP projects and other programs that involved advanced metering, gas trading and pricing engines.
More than 650 consultants were dedicated to the AGL account. TCS has recorded a 40% compounded annual growth over the past three years in Australia. The company has Qantas, Commonwealth Bank, Woolworths, Citibank Australia, Superpartners and Westpac among its customers.