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TCS close to bag Rs 1,100-crore contract from India Post: Report

25 Mar 2013 Evaluate

Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions organization is reportedly close to bagging a Rs 1,100-crore systems integration contract from India Post as part of the latter’s drive to modernize its technology infrastructure.

The contract will be a five-year deal and TCS will be accountable for overall implementation of India Post 2012, a multi-faceted IT automation programme announced by the Department of Posts (DoP) three years ago.

Further, the company is likely to sign a contract with DoP in the next two weeks. Along with TCS other nine IT vendors including IT majors HP, TCS and Tech Mahindra-Mahindra Satyam, were trying for the contract. India Post 2012 will include eight contracts in the fields of hardware, software and systems integration.

Peers
Company Name CMP
TCS 2216.50
Infosys 1031.55
HCL Technologies 1196.80
Wipro 166.15
Tech Mahindra 1518.60
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