New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which prominent IT company-led consortium has been

    awarded an advance purchase order worth more than ₹15,000 crore by the government-owned BSNL?
    A Infosys Correct Answer Incorrect Answer
    B Wipro Correct Answer Incorrect Answer
    C HCL Technologies Correct Answer Incorrect Answer
    D Tata Consultancy Services (TCS) Correct Answer Incorrect Answer
    E Tech Mahindra Correct Answer Incorrect Answer

    Solution

    As per the information given below, the correct answer is option D. Tata Consultancy Services will be the main beneficiary of the Bharat Sanchar Nigam (BSNL) 4G deal earning between 70-80% share of the deal value which is estimated to be a whopping $2.9 billion, sources in the know of the development told ET. The remaining amount will go to Tejas Networks for radio access network equipment and Centre for Development of Telematics (CDoT) which are part of the TCS-led consortium, apart from ITI Limited which will deploy a fifth of the order. While the advanced purchase order for the initial 100,000 sites has been rolled out, the purchase orders for remaining sites will be issued on the TCS-­led 4G consortium meeting key milestones and for circle-specific requirements, sources in the know told ET. “TCS will get around 70­-80% of the deal value while passing on the rest to other members of the consortium,” said the source. “The nature of such deals involves multiple milestones and stages of completion, and remaining purchase orders will be issued accordingly,” said the person. TCS informed the exchanges on Monday that it has received advance purchase orders (APOs) worth Rs 15,000 crore out of the around Rs 25,000 crore deal.

    Practice Next

    Relevant for Exams: