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TCS bags 350 million pound deal from UK’s Network Rail
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Country’s largest software services firm Tata Consultancy Services (TCS) today said it has bagged a four-year deal from UK’s Network Rail Infrastructure Ltd.
The IT Solutions and System Integration Framework agreement encompasses identifying, defining, designing, building and integration of next generation IT solutions for Network Rail, TCS said in a statement.
Though the company did not disclose financial details, sources said the deal size is worth over 350 million pound.
Through this transformational initiative, Network Rail is implementing a structured multi-sourcing model to invest in a customer-centric IT strategy to deliver greater efficiency, effectiveness and innovation across the organisation.
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, it said.
"We are committed to usher in the changing technology paradigms and thereby deliver sustained value to Network Rail as a reliable partner," TCS Country Head (UK and Ireland) Shankar Narayanan said.
Network Rail is the owner (not for dividend) and operator of Britain’s railway infrastructure, which includes the tracks, signals, tunnels, bridges, viaducts, level crossings and stations.
They run, operate, maintain and invest in Britain’s rail network which includes 20,000 miles of track (and infrastructure) and 17 major stations.
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