SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

CMC surges on being appointed as IT Partner by Forth Ports

12 Jun 2012 Evaluate

CMC is currently trading at Rs. 871.50, up by 12.80 points or 1.49% from its previous closing of Rs. 858.70 on the BSE.

The scrip opened at Rs. 859.50 and has touched a high and low of Rs. 872.95 and Rs. 859.45 respectively.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1275.00 on 13-Jun-2011 and a 52 week low of Rs. 685.00 on 18-May-2012.

Last one week high and low of the scrip stood at Rs. 889.90 and Rs. 853.00 respectively. The current market cap of the company is Rs. 2645.04 crore.

The promoters holding in the company stood at 51.12% while Institutions and Non-Institutions held 40.76% and 8.12% respectively.

CMC has been appointed as IT partner by Forth Ports, owner of the Port of Tilbury for its newly-acquired London Container Terminal (LCT). CMC will work with the UK based port group to implement a new and comprehensive Terminal Operating System, with CMC's Marine and Container Handling (MACH) system at the core of the LCT operation. LCT will handle in excess of 500,000 containers this year, making it the third largest single container operation in the UK and one of the few UK ports servicing both deep sea and short sea customers.

This implementation will fully replace the core terminal operating systems currently in place at LCT and will bring improvements to both the planning and operational aspects of the terminal through the delivery of a world class, modern IT solution. The new system will link to the terminal's automatic gate processing system and will deliver efficiencies in handling and tracking containers both shipside and landside within LCT, as well as allowing for the future expansion of volumes at LCT.

Forth Ports secured 100% ownership of Tilbury Container Services earlier this year as part of its investment programme at the London Port. Tilbury Container Services has now been renamed London Container Terminal (Tilbury) and the Short Sea Container Terminal, previously operated by the Port of Tilbury, is now being integrated with the deep sea operation.

The integration of the short sea and deep sea businesses results in a unique market offering in the UK and, when combined with the planned London Distribution Park covering 65 acres adjacent to the port, confirms Tilbury as a key distribution and transhipment hub for London and the South East of England.

CMC is a Tata group firm and subsidiary of the country's top software company TCS. The company operates in four strategic business units namely customer services (CS), Systems Integration (SI), IT enabled Services (ITES) and Education and Training (E&T). The company has pan-India presence that caters to various sectors such as the railways, banks, government entities and other organisations with countrywide operations.

Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×