Tata Consultancy Services (TCS) on May 21 announced that the company has won an add-on Advance Purchase Order (APO) worth Rs 2,903 crore from BSNL for works related to its 4G mobile network. TCS shares opened with marginal gains at Rs 3,503.20 apiece.
In an exchange filing released in the pre-market hours of May 21, the IT major said that the add-on APO is associated with the planning, engineering, supply, installation, testing, commissioning and annual maintenance of BSNL's 4G mobile network at 18,685 sites.
Tejas Network meanwhile said that it has received an order from TCS for the supply of goods and services for BSNL's 4G project. In an exchange filing, Tejas Network said that it will supply Radio Access Network (RAN) and other equipment worth Rs 1,525.53 crore to TCS for this project.
TCS added that more details about the purchase order will be issued by BSNL in due course after certain conditions and documentation are completed, as mentioned in the APO.
Notably, TCS is already a part of a Rs 15,000-crore deal with BSNL which involves establishing data centres and 4G sites across India, while laying the foundation for future 5G infrastructure.
Earlier in January this year, TCS CEO K K Krithivasan had said, "BSNL contract is 70 percent complete which means that its revenue impact will start tapering from Q4 itself. We're looking for multiple opportunities to compensate the revenue gap from this contract."
TCS shares have seen significant volatility recently, falling nearly 1 percent in the past five days. The stock however has risen nearly 6 percent in the past one month. It is up over 14.5 percent in 2025 so far.
In April this year, TCS had reported 2 percent on-year fall in consolidated net profit to Rs 12,224 crore, amid the ongoing macroeconomic headwinds for the IT sector. TCS’ consolidated revenue from operations rose 5.3 percent year-on-year to Rs 64,479 crore in quarter ending March, as against Rs 61,237 crore in the same quarter a year ago.
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