MoneyWorks4Me

TCS to seal 5-year contract worth Rs 200 crore with IT Department

03 Sep 2013 Evaluate

Tata Consultancy Services (TCS) is in final stages of signing a 5-year contract worth about Rs 200 crore with the Income Tax Department to upgrade its IT infrastructure. The software major will upgrade IT Department’s nation-wide IT infrastructure, which will involve updating the software and the hardware to ensure seamless integration of services and information across all the offices.

Besides, TCS has also attained a market valuation of Rs 4 lakh crore -- becoming the second company in Indian markets after Reliance Industries to cross this milestone. At present, TCS is the only company with a market value of over Rs 4 lakh crore as RIL has slipped below this level.

Tata Consultancy Services is an IT services, consulting and business solutions organisation 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.

Peers
Company Name CMP
TCS 2130.10
Infosys 1040.00
HCL Technologies 1280.30
Wipro 164.95
Tech Mahindra 1558.00
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