TCS sees up to $30-100 million revenue from BP deal

TCS (TCS), India's largest outsourcing firm, on Friday announced that it sees up to $30 - $100 million revenue on yearly basis over the next 3-5 years from its lately gained deal with BP, one of the world's largest oil and gas companies.

Discussing the potential of the deal, Mr. Ramadorai, TCS Chief Executive stated that it could be anywhere about $30-100 million in the next 3-5 years.

Mr. Ramadorai also added that he expects it will begin by the third quarter, in a small way but more significantly by next year.

TCS is one of the largest outsourcing companies that gained 5 year IT agreement from oil and gas major BP in the beginning of this week.

TCS has been chosen for involvements in refining, manufacturing and corporate IT with chances across fuel value chain including upstream and trading.

Shares of Tata Consultancy Services (TCS), on Friday closed at Rs 540.50, down 0.75% or Rs 4.10. Total volume of shares traded was 427,562.