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Tata Communications shines on delivering critical connectivity to Cargotec's global IT systems

Tata Communications Ltd. | Telecommunication - Service Provider | Telecom | BSE: 500483 | NSE: TATACOMM

07 Sep 2012 Evaluate

Tata Communications is currently trading at Rs. 231.90, up by 3.90points or 1.71% from its previous closing of Rs. 228.00 on the BSE.

The scrip opened at Rs. 233.00 and has touched a high and low of Rs. 233.00 and Rs. 230.00 respectively. So far 4,521 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 266.35 on 26-Jul-2012 and a 52 week low of Rs. 176.30 on 24-Nov-2011.

Last one week high and low of the scrip stood at Rs. 233.00 and Rs. 224.00 respectively. The current market cap of the company is Rs. 6,609 crore.

The promoters holding in the company stood at 76.15% while Institutions and Non-Institutions held 14.04% and 3.99% respectively.

Tata Communications, a leading provider of The New World of Communications, has been chosen by Cargotec, the world's leading provider of cargo handling solutions for ships, ports, terminals and local distribution, to deliver Wide Area Network (WAN) connectivity to over 150 Cargotec sites globally through Tata Communications' round-the-world fibre optic cable network - the world's only wholly-owned subsea cable ring.

Cargotec's operations in over 50 countries across Europe, Asia, Middle East, Americas and Africa will benefit from increased capacity, speed, resilience and enhanced communications capabilities thanks to a fully managed, end-to-end Multiprotocol Label Switching (MPLS) network. This will enable the company to improve productivity and operational efficiency worldwide by streamlining its supply chain.

Cargotec has chosen Tata Communications for its comprehensive round-the-world network, which allows Cargotec to go from having multiple suppliers for its global WAN connectivity to just one. Not only does this reduce the chances of network failure, but it also delivers an always-on, cost-effective solution to cater for both Cargotec's main offices and smaller sites, regardless of their location. Cargotec will now be able to offer a uniform service to its offices across more than 50 emerging and established markets, further enhancing global operational efficiency. It will also allow Cargotec to extend its network wherever the business grows.

Tata Communications Share Price

1521.05 -41.30 (-2.64%)

17-Apr-2026 16:59 View Price Chart

Peers

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Bharti Airtel	1846.55
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Tata Communications shines on delivering critical connectivity to Cargotec's global IT systems

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