Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has been recognized as a Leader in the IDC MarketScape for Worldwide Oil and Gas Upstream Asset Management Digital Services.
According to the report, a key strength of TCS is its "large enterprise integration: TCS offers end-to-end IT, BPO, and engineering services." It goes on to say that "TCS offers a strong portfolio of engineering services that include product/asset development, plant solutions, simulation/design, IoT, security, AR/VR, AI, and digital twin."
"TCS helps upstream oil and gas companies leverage digital technologies such as IoT, data and analytics, AI and VR/AR, as well as our agile innovation ecosystem to transform exploration and production, enhancing safety and minimizing their carbon footprint," said Debashis Ghosh, Business Group Head, Energy & Resources Cluster, TCS. "This leadership position is a reflection of our vision, deep domain knowledge, and differentiated offerings."
TCS offers a comprehensive portfolio of services to the upstream oil and gas industry across the asset lifecycle. It serves enterprises of all sizes, ranging from oil and gas supermajors to regional champions. TCS leverages its technology prowess and industry expertise to help clients reimagine customer experience, achieve business agility, asset reliability and safety.
Its portfolio of services includes exploration and production application transformation, modernizing and migrating upstream asset data to the cloud, and managed cybersecurity. TCS also offers services for engineering data management, subsurface and upstream asset analytics, analytics-driven production operations and maintenance, such as asset performance and reliability management, as well as health and safety solutions such as AR/VR and smart wearables for connected workers, video and image analytics, digital well engineering and drilling solutions. TCS helps oil and gas customers manage agile corporate functions as well systems integration and separation for M&As driven by portfolio restructuring strategies.
TCS' industry-focused Centers of Excellence focus on different verticals and technologies, to help energy and resources customers adopt new business models and deliver innovation that drives sustainability.
"A prolonged global pandemic and the upcoming energy transition are creating urgency for oil and gas enterprises to accelerate their digital transformation strategies to become more resilient," said Andrew Meyers, Research Director of Oil & Gas for IDC Energy Insights. "TCS has made significant strides in the upstream market as it relates to their brand, scale and scope of projects, and customer base."
Shares of Tata Consultancy Services Limited was last trading in BSE at Rs. 3737.90 as compared to the previous close of Rs. 3690.25. The total number of shares traded during the day was 140447 in over 20539 trades.
The stock hit an intraday high of Rs. 3758.05 and intraday low of 3721.70. The net turnover during the day was Rs. 525372025.00.