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

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.