TCS ranked among Top 3 Energy Service Providers by HFS Research; Stock surges

Tata Consultancy Services was positioned #2 for the voice of the customer, overall execution, and technology use and development.

December 01, 2021 1:14 IST | India Infoline News Service
Tata Consultancy Services
Tata Consultancy Services (TCS) has been ranked among the Top 3 service providers in the HFS Top 10 for Energy Services. TCS was positioned #2 for the voice of the customer, overall execution, as well as technology use and development.

The company stock was bullish on Wednesday and at around 1.16 pm, Tata Consultancy Services Ltd was trading at Rs3,576 per piece up by Rs44 or 1.25% from its previous closing of Rs3,532 per piece on the BSE.

“TCS is working with leading energy companies to navigate industry challenges using digital technologies. Our market-leading position in the report is a recognition of our energy industry strategy and our customer-centricity. Our constant effort to drive innovation across the energy value chain, backed by our domain expertise and focus on co-creation, positions TCS well to help accelerate the pace of energy transformation,” said Debashis Ghosh, Business Group Head, Energy and Resources, TCS.

TCS partners with oil and gas, oil field services, low carbon energy, and engineering and construction companies worldwide across the value chain, helping them accelerate transformation and innovation, for growth and sustainability. TCS’ comprehensive portfolio of services span consulting and advisory, cloud, applications, digital infrastructure and cyber security, industrial asset management and digitalization, automation, and IoT and data analytics.

TCS’ R&D investments have helped it build an industry-leading set of platforms, tools, and intellectual property to address industry-specific needs such as E&P and refinery modelling, supply chain analysis, smart power grids and EV charging networks. TCS’ industry-focused Centers of Excellence help energy and resources customers adopt new business models and deliver innovation that drives sustainability. TCS Pace Ports™, its co-innovation and advanced research centers in New York, Pittsburgh, Amsterdam, Tokyo, and Toronto, enable hybrid modes of collaboration and co-creation of solutions with ecosystem partners.

Josh Matthews, Practice Leader, HFS, said, “TCS plays with the best in terms of scale, innovation, and R&D throughout the energy industry value chain. It’s combination of engineering and proprietary solutions that have a range of emerging technologies baked in fits well with internal talent initiatives and all-around industry expertise. TCS continues to prove that it has integrated consulting and innovation throughout the company—having built its historic reputation as a “delivery powerhouse”—and that sustainability services capability is being embedded as we speak.”

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