TCS ranked among Top 3 Energy Service Providers by HFS Research

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has been ranked among the Top 3 service providers in the HFS Top 10 for Energy Services1. TCS was positioned #2 for voice of the customer, overall execution, as well as technology use and development.

"TCS is working with leading energy companies to navigate industry challenges using digital technologies. Our market-leading position in the report is a recognition of our energy industry strategy and our customercentricity. Our constant effort to drive innovation across the energy value chain, backed by our domain expertise and focus on co-creation, positions TCS well to help accelerate the pace of energy transformation," said Debashis Ghosh, Business Group Head, Energy and Resources, TCS.

TCS partners with oil and gas, oil field services, low carbon energy, and engineering and construction companies worldwide across the value chain, helping them accelerate transformation and innovation, for growth and sustainability. TCS' comprehensive portfolio of services span consulting and advisory, cloud, applications, digital infrastructure and cyber security, industrial asset management and digitalization, automation, and IoT and data analytics.

TCS' R&D investments have helped it build an industry-leading set of platforms, tools, and intellectual property to address industry-specific needs such as E&P and refinery modelling, supply chain analysis, smart power grids and EV charging networks. TCS' industry-focused Centers of Excellence help energy and resources customers adopt new business models and deliver innovation that drives sustainability. TCS Pace Ports™, its co-innovation and advanced research centers in New York, Pittsburgh, Amsterdam, Tokyo, and Toronto, enable hybrid modes of collaboration and co-creation of solutions with ecosystem partners.

Josh Matthews, Practice Leader, HFS, said, "TCS plays with the best in terms of scale, innovation, and R&D throughout the energy industry value chain. It's combination of engineering and proprietary solutions that have a range of emerging technologies baked in fits well with internal talent initiatives and all-around industry expertise. TCS continues to prove that it has integrated consulting and innovation throughout the company-having built its historic reputation as a "delivery powerhouse"-and that sustainability services capability is being embedded as we speak."

Shares of Tata Consultancy Services Limited was last trading in BSE at Rs. 3532.00 as compared to the previous close of Rs. 3500.70. The total number of shares traded during the day was 131810 in over 14752 trades.

The stock hit an intraday high of Rs. 3563.00 and intraday low of 3494.85. The net turnover during the day was Rs. 466114147.00.

Source : Equity Bulls

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TataConsultancyServicesLimited INE467B01029 TCS ITConsulting Software HFSResearch