Tata Consultancy Services Ltd. announced that it has been selected by Network Rail Infrastructure Ltd. as part of its strategic Information Technology transformation journey.
The IT Solutions and Systems Integration framework agreement encompasses identifying, defining, designing, building and integration of next generation IT solutions for Network Rail.
Through this transformational initiatives, Network Rail is implementation a structured multi-sourcing model to invest in a customer-centric IT strategy over four years to deliver greater efficiency, effectiveness and innovation across the organization. TCS will be a key enabler in helping Network Rail to achieve its objective of generating an outstanding value for taxpayers and users by continually improving the railway.
Country Head, UK and Ireland Shankar Narayanan said, "We are delighted to have been selected by network Rail in this strategic program. This is a validation of our deep domain expertise and investments in the Transportation and Rail Industry. We are committed to usher in the changing technology paradigms and thereby deliver sustained value to Network Rail as a reliable partner."
Principal Analyst, PAC UK, Philip Carnelley said, "The UK transport sector is set to undergo a significant transformation in the coming years as organizations come under pressure to deliver more efficient and reliable services to customers while improving cost-effectiveness, for example through online channels to customers. Information Technology will be crucial ind riving this change so it is no surprise to hear that Network Rail is planning a long-term, innovation-led strategy. TCS has built domain expertise and strong track record in the Transportation and Rail Industry and this deal demonstrates its growing ability to win large deals in the sector."
At the BSE, Tata Consultancy Services shares are currently trading at Rs.1,463.50, down 0.09 percent from the previous close.
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