India’s TCS receives $1.83-billion BSNL contract for 4G services – One America News Network

BENGALURU (Reuters) -A consortium led by India’s Tata Consultancy Services received an order of more than 150 billion rupees ($1.83 billion) from state-run Bharat Sanchar Nigam Ltd (BSNL) to deploy a 4G network across the country, the company said on Monday.

The order comes as India’s IT services companies grapple with demand uncertainty.

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TCS, India’s top IT services provider, has been contending with pressure in its “large deals” segment, comprising projects of $1 billion or more, as clients in major markets of the U.S. and Europe delayed decision-making in the face of a slowing macroeconomic environment.

The company, which had reported weaker-than-expected fourth-quarter results, had said its order book stood at $10 billion.

It also flagged that deal wins could contract to $7 billion to $9 billion for the current quarter.

Its contract for running the country’s Passport Seva Programme was renewed last year in a deal worth 80 billion rupees.

($1 = 81.7800 Indian rupees)

(Reporting by Navamya Ganesh Acharya in Bengaluru; Editing by Janane Venkatraman)