Tata Consultancy Services (TCS.BO) has scored a lucrative contract to modernize India's postal...

|About: Tata Consultancy Services, Lt... (TTNQY)|By:, SA News Editor

Tata Consultancy Services (TCS.BO) has scored a lucrative contract to modernize India's postal service. The six-year contract with the Department of Posts is valued at 1,100 crore ($196M). The goal of the India Post project is to transform the country's postal service into a "world class" system utilizing cutting-edge technologies. The contract may also be a bit of a domestic PR coup for Tata, best known as an outsourcer and India's largest exporter of software.