New Delhi: India's largest IT company Tata Consultancy Services (TCS) on Wednesday said it has clinched an add-on Advance Purchase Order (APO) for about Rs 2,903 crore from state-owned telecom corporation BSNL.
The order is for planning, engineering, supply, installation, testing, commissioning and annual maintenance of 4G mobile network at 18,685 sites, TCS said in a regulatory filing.
TCS said that detailed purchase orders will be issued by Bharat Sanchar Nigam Limited (BSNL) to the company in due course subject to fulfilment of certain conditions and documentation as mentioned in the APO.
In a separate filing, Tejas Networks stated that in line with the Master Contract between Tata Consultancy Services and Tejas Networks for supply of goods and/or services for BSNL 4G Project, TCS has informed it about receipt of an add-on Advance Purchase Order from BSNL for supply, deployment and maintenance of 4G mobile network.
"The value of supplies for Radio Access Network (RAN) and other equipment to TCS from Tejas for this deployment is expected to be approximately Rs 1,525.53 crore, exclusive of taxes," Tejas said.
The detailed Purchase Orders for the same would be issued by TCS to the company in due course, subject to completion of certain conditions and documentation, according to Tejas.
The country's largest IT services firm TCS last month reported a 1.7 per cent decline in the March quarter net profit to Rs 12,224 crore, driven largely by a margin contraction. Tata Consultancy Services reported a total revenue of Rs 64,479 crore in Q4 FY25, up 5.3 per cent over the year-ago period.
For the full year FY25, TCS' net profit stood at Rs 48,553 crore.
The IT heavyweight wrapped up the fiscal FY25 with a full-year topline growth of 5.99 per cent at Rs 2,55,324 crore.
It is pertinent to mention here that in 2023, a consortium led by TCS bagged advance purchase order valued at over Rs 15,000 crore from BSNL for deploying a 4G network across India. Tejas Networks, a Tata Group company, was a part of that consortium for supply and service the radio access network (RAN) equipment.
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