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    TCS   INE467B01029

TATA CONSULTANCY SERVICES LTD.

(TCS)
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Lockdown Feat: TCS Deploys Digital Solution Remotely to Help Adani Ports Transform Mundra Operations

06/24/2020 | 07:25am EDT

Tata Consultancy Services' DynaPORT Solution, Implemented Through Secure Borderless Workspaces, to Help APSEZ Automate and Optimize Operations.

Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, announced that it has successfully deployed TCS DynaPORT, a state-of-the-art terminal operating system at the Mundra CT4 terminal for Adani Ports and Special Economic Zone (APSEZ) Limited, India's largest private port operator and end-to-end logistics provider. The deployment was completed remotely, while under a lockdown, leveraging TCS' Secure Borderless Workspaces (SBWS) model.

APSEZ operates 11 strategically located ports and terminals that represent 24 percent of India's port capacity. As part of the company's growth and transformation journey, it chose TCS to deploy the DynaPORT solution at the Mundra terminal, a multipurpose port that serves as a major economic gateway.

DynaPORT, currently powering more than 80 terminals across the globe, is a one-stop solution for order-to-invoice processes and supports multi-modal (vessel, rail, truck and barge) and multi-purpose (container, break-bulk, liquid bulk, dry bulk and ro-ro) requirements by leveraging digital platforms to address key challenges.

India's countrywide lockdown due to the COVID-19 pandemic meant that port operations, and the implementation, ground to a halt. The TCS team switched to SBWS, a transformative operating model that allows organizations to fully and seamlessly transition to virtual workspaces, and proceeded to implement DynaPORT at CT4.

With DynaPORT, APSEZ can expect to reduce its total cost of ownership, improve terminal performance, accelerate business transformation and ensure resource optimization. The success of this remote implementation is viewed as a gamechanger that will enable terminal operators to roll out applications faster.

Capt Unmesh Abhyankar, Joint President, CEO Office, APSEZ, said, 'The abnormal becomes normal. With the announcement of 75% work from home by TCS, it gave us the inspiration, and the site team was also up to the mark to take it forward. As I have said, I will continue my belief in TCS to deliver against all odds, and your product is proving it.'

Sridharan Narayanan, Global Head - Ports & Cargo, Travel, Transportation and Hospitality unit, TCS, said, 'As a growth and transformation partner, we are committed to bringing together the very best of TCS to help our customers meet their business objectives even in uncertain times. This implementation is a testament to the effectiveness of the Secure Borderless Workspaces model, and to our customer-centricity.'

About Adani Ports and Special Economic Zone

Adani Ports and Special Economic Zone (APSEZ), a part of globally diversified Adani Group, is the largest integrated logistics player in India. In less than two decades, the company has built a formidable presence in port infrastructure and logistics services. APSEZ's 11 strategically located ports and terminals - Mundra, Dahej, Kandla and Hazira in Gujarat, Dhamra in Odisha, Mormugao in Goa, Visakhapatnam in Andhra Pradesh, and Kattupalli and Ennore in Chennai - represent 22% of the country's total port capacity, handling vast amounts of cargo from both coastal areas and the vast hinterland. The company is also developing a transhipment port at Vizhinjam, Kerala and a container Terminal at Myanmar.

About Tata Consultancy Services Ltd. (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent AgileTM delivery model, recognized as a benchmark of excellence in software development.

A part of the Tata group, India's largest multinational business group, TCS has over 448,000 of the world's best-trained consultants in 46 countries. The company generated consolidated revenues of US $22 billion in the fiscal year ended March 31, 2020, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.

To stay up to date on TCS global news, follow @TCS_News.

TCS Media Contacts

Asia Pacific

Email: charlene.lee@tcs.com

Phone: +65 9138 4370

Australia and New Zealand

Email: kelly.ryan@tcs.com

Phone: +61 422 989 682

Benelux

Email: Joost.galema@tcs.com

Phone: +31 615 903387

Canada

Email:tia.thomas@tcs.com

Phone:: +1 647 790 7602

Central Europe

Email: anke.maibach@tcs.com

Phone: +49 172 6615789

Europe

Email:mattias.afgeijerstam@tcs.com

Phone: +46723989188

India

Email: arushie.sinha@tcs.com

Phone: +91 22 6778 9960

Japan

Email: douglas.foote@tcs.com

Phone: +81 80-2115-0989

Latin America

Email: martin.karich@tcs.com

Phone: +569 6170 9013

Nordics

Email: roland.bagen@tcs.com

Phone: +46 70 317 80 24

UK

Email: peter.devery@tcs.com

Phone: +44 20 3155 2421

USA

Email: b.trounson@tcs.com

Phone: +1 646 313 4594

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
ADANI PORTS & SPECIAL ECONOMIC ZONE LIMITED -1.96% 779.35 Delayed Quote.64.32%
TATA CONSULTANCY SERVICES LTD. -2.12% 3532.5 Delayed Quote.26.06%
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Financials
Sales 2022 1 901 B 25 391 M 25 391 M
Net income 2022 388 B 5 190 M 5 190 M
Net cash 2022 377 B 5 041 M 5 041 M
P/E ratio 2022 33,7x
Yield 2022 1,97%
Capitalization 13 067 B 175 B 175 B
EV / Sales 2022 6,68x
EV / Sales 2023 5,88x
Nbr of Employees 488 649
Free-Float 27,8%
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Mean consensus OUTPERFORM
Number of Analysts 38
Last Close Price 3 532,50 INR
Average target price 3 986,74 INR
Spread / Average Target 12,9%
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Managers and Directors
Rajesh Gopinathan CEO, MD & Non-Independent Executive Director
Samir Seksaria Chief Financial Officer
Natarajan Chandrasekaran Non-Executive Chairman
K. Ananth Krishnan Chief Technology Officer
N. Ganapathy Subramaniam COO & Non-Independent Executive Director
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