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Published on 5/07/2022 12:59:44 PM | Source: Accord Fintech

Tata Consultancy Services gains on partnering with Outokumpu

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Tata Consultancy Services is currently trading at Rs. 3260.00, up by 25.35 points or 0.78% from its previous closing of Rs. 3234.65 on the BSE.

The scrip opened at Rs. 3252.00 and has touched a high and low of Rs. 3272.00 and Rs. 3238.00 respectively. So far 96716 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4045.50 on 18-Jan-2022 and a 52 week low of Rs. 3023.35 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 3332.90 and Rs. 3225.80 respectively. The current market cap of the company is Rs. 1194844.93 crore.

The promoters holding in the company stood at 72.30%, while Institutions and Non-Institutions held 22.00% and 5.70% respectively.

Tata Consultancy Services (TCS) has been selected by Outokumpu, the global leader in sustainable stainless steel, to transform its IT landscape with an agile and secure cloud-based digital core to reduce its carbon footprint and support its strategic aspirations.

Headquartered in Finland and operating in more than 30 countries with around 9,000 employees, Outokumpu aims to strengthen its industry leadership and competitive differentiation. Towards this goal, it has embarked on a cloud transformation journey, entering into a multi-year strategic partnership with TCS to build a next-generation hybrid cloud platform.

TCS will use its deep industry knowledge of the steel sector to support Outokumpu in building a new digital core using advanced digital technologies such as cloud, data analytics and Artificial Intelligence (AI). It will transform and migrate the steel-maker’s mission-critical manufacturing operations systems and core SAP systems to a new hybrid cloud architecture using Azure.

Additionally, TCS will deploy new digital end-user services that will cater to the differentiated needs of each of Outokumpu’s business units and help them derive the full benefit of the transformation. TCS will leverage its Machine First approach to simplify production management using Cognix for Workplace, its AI-driven human-machine collaboration suite. This will help create an intuitive, immersive, and intelligent workspace, offering delightful employee experiences.

TCS is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 50 years.