Tata Communications
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By Abhirami G
July 2 (Reuters) - A consortium including Microsoft MSFT.O and telecom startup Lightstorm plans to build a new undersea cable linking India with Malaysia and Singapore as technology firms compete to expand AI and cloud infrastructure in India, one of the world's fastest-growing data markets.
The consortium, whose other members include Tata Communications TATA.NS, Singapore Telecommunications STEL.SI, Singapore's ASEAN Cableship and Japan's NEC Corporation, will construct the I-2SEA cable to support AI, cloud and hyperscale workloads, the companies said on Thursday.
They did not provide additional details including the investment size.
The network will span 3,600 km and have landing stations in Machilipatnam in the southern Indian state of Andhra Pradesh, where Meta META.O and Alphabet GOOGL.O have announced data centers.
The cable is expected to be operational in the fourth quarter of 2029, Lightstorm Group CEO and Managing Director Amajit Gupta told Reuters in an interview.
The I Squared-backed company currently connects 19 AI and cloud zones across India through terrestrial fiber cable networks, with the new network expected to bring this number up to 29, Gupta said.
India's operational data center capacity could double from the current 1.4 gigawatts by 2027, based on projects under construction, and increase five-fold by 2030 if planned projects are fast-tracked, Macquarie Equity Research said in a report last October.
Undersea cables carry roughly 95% of the world's internet traffic. India currently has 17 active submarine cables with a maximum potential capacity of 960 terabits per second, and at least 10 more have been publicly announced, according to TeleGeography, a telecommunications research firm.
Separately, Lightstorm plans to list in India in mid-2027, Gupta said, without disclosing any other details. The company was seeking a valuation of up to $1.5 billion in March, according to a media report.
(Reporting by Abhirami G in Bengaluru; editing by Chandini Monnappa and Sonia Cheema)
By Abhirami G
July 2 (Reuters) - A consortium including Microsoft MSFT.O and telecom startup Lightstorm plans to build a new undersea cable linking India with Malaysia and Singapore as technology firms compete to expand AI and cloud infrastructure in India, one of the world's fastest-growing data markets.
The consortium, whose other members include Tata Communications TATA.NS, Singapore Telecommunications STEL.SI, Singapore's ASEAN Cableship and Japan's NEC Corporation, will construct the I-2SEA cable to support AI, cloud and hyperscale workloads, the companies said on Thursday.
They did not provide additional details including the investment size.
The network will span 3,600 km and have landing stations in Machilipatnam in the southern Indian state of Andhra Pradesh, where Meta META.O and Alphabet GOOGL.O have announced data centers.
The cable is expected to be operational in the fourth quarter of 2029, Lightstorm Group CEO and Managing Director Amajit Gupta told Reuters in an interview.
The I Squared-backed company currently connects 19 AI and cloud zones across India through terrestrial fiber cable networks, with the new network expected to bring this number up to 29, Gupta said.
India's operational data center capacity could double from the current 1.4 gigawatts by 2027, based on projects under construction, and increase five-fold by 2030 if planned projects are fast-tracked, Macquarie Equity Research said in a report last October.
Undersea cables carry roughly 95% of the world's internet traffic. India currently has 17 active submarine cables with a maximum potential capacity of 960 terabits per second, and at least 10 more have been publicly announced, according to TeleGeography, a telecommunications research firm.
Separately, Lightstorm plans to list in India in mid-2027, Gupta said, without disclosing any other details. The company was seeking a valuation of up to $1.5 billion in March, according to a media report.
(Reporting by Abhirami G in Bengaluru; editing by Chandini Monnappa and Sonia Cheema)
Tata Communications announced a series of changes in its senior management team on June 30, 2026. Sivasamban Natarajan retired as Executive Vice President and Head of Operations effective June 30, and Genius Wong resigned as Executive Vice President for Core and Next-Gen Connectivity Services and Chief Technology Officer, with effect from July 31. The company appointed Rupesh Chokshi as Executive Vice President and Global Business Head – Network Services, who will also succeed Wong as Chief Technology Officer, effective August 1. Chokshi joins from Akamai Technologies, where he was Senior Vice President and General Manager of Application Security, and previously held senior roles at AT&T. Vivek Srivastava has been appointed Executive Vice President and Business Head of Cloud and Cyber Security Services, starting August 17; he most recently served as Country Manager for Fortinet India & SAARC. Both leaders will join the Global Management Committee and report to CEO Ganesh Lakshminarayanan.
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Tata Communications announced a series of changes in its senior management team on June 30, 2026. Sivasamban Natarajan retired as Executive Vice President and Head of Operations effective June 30, and Genius Wong resigned as Executive Vice President for Core and Next-Gen Connectivity Services and Chief Technology Officer, with effect from July 31. The company appointed Rupesh Chokshi as Executive Vice President and Global Business Head – Network Services, who will also succeed Wong as Chief Technology Officer, effective August 1. Chokshi joins from Akamai Technologies, where he was Senior Vice President and General Manager of Application Security, and previously held senior roles at AT&T. Vivek Srivastava has been appointed Executive Vice President and Business Head of Cloud and Cyber Security Services, starting August 17; he most recently served as Country Manager for Fortinet India & SAARC. Both leaders will join the Global Management Committee and report to CEO Ganesh Lakshminarayanan.
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June 30 (Reuters) - Tata Communications Ltd TATA.NS:
RUPESH CHOKSHI HAS BEEN APPOINTED AS CHIEF TECHNOLOGY OFFICER
RESIGNATION OF GENIUS WONG AS CHIEF TECHNOLOGY OFFICER
CHIEF TECHNOLOGY OFFICER RESIGNATION EFFECTIVE JULY 31, 2026
APPOINTMENT OF VIVEK SRIVASTAVA AS EXECUTIVE VICE PRESIDENT AND BUSINESS HEAD (CLOUD AND CYBERSECURITY SERVICES)
APPOINTMENT OF VIVEK SRIVASTAVA EFFECTIVE AUGUST 17, 2026
Source text: ID:nNSE40Tr1C
Further company coverage: TATA.NS
(([email protected];))
June 30 (Reuters) - Tata Communications Ltd TATA.NS:
RUPESH CHOKSHI HAS BEEN APPOINTED AS CHIEF TECHNOLOGY OFFICER
RESIGNATION OF GENIUS WONG AS CHIEF TECHNOLOGY OFFICER
CHIEF TECHNOLOGY OFFICER RESIGNATION EFFECTIVE JULY 31, 2026
APPOINTMENT OF VIVEK SRIVASTAVA AS EXECUTIVE VICE PRESIDENT AND BUSINESS HEAD (CLOUD AND CYBERSECURITY SERVICES)
APPOINTMENT OF VIVEK SRIVASTAVA EFFECTIVE AUGUST 17, 2026
Source text: ID:nNSE40Tr1C
Further company coverage: TATA.NS
(([email protected];))
Damage from data centre fire among string of Tata headaches
One client says it lost more than two decades of data
On June 5, Tata unit said business continuity plans in place
Some Google Cloud issues linked to incident, source says
Adds Tata Communications statement in paragraph 11
By Aditya Kalra and Munsif Vengattil
NEW DELHI, June 24 (Reuters) - A fire at a New Delhi data centre used by global tech firms has left some customers fearing the loss of decades of data and caused network disruptions for Google Cloud services in India, according to a company letter and sources.
The blaze at the STT Global Data Centres India facility, owned by Singapore's ST Telemedia and India's Tata Communications TATA.NS, caused "extensive damage" to parts of the site, making data recovery difficult, a Tata Communications unit said in a letter to a client seen by Reuters.
The firm, part of the salt-to-aviation Tata conglomerate, told Indian stock exchanges on June 5 it had activated business continuity plans to limit disruption after an early morning fire at the facility.
One client, Matrix Cellular, an Indian company that sells international SIM cards, told Reuters it was struggling to recover more than two decades of data lost in the incident.
Some of Google Cloud's intermittent network disruptions in India are also linked to the fire, a source with direct knowledge of the matter said.
Television footage from inside the facility on the day of the fire showed server racks and electrical infrastructure that appeared to be completely burned, with collapsed ceiling panels and debris strewn across the floor.
The fire was "so severe that it caused extensive damage" and hindered services, Tata Communications unit Novamesh said in the June 15 letter to Matrix Cellular, which has not previously been reported.
"Despite our ongoing best efforts to recover the data, the severity of the damage ... presents significant challenges to the recovery of the affected data and systems," the letter said.
STT Global Data Centres India said in a statement it was supporting affected customers, including by moving them to alternate capacity where possible, and that an "independent technical root cause analysis is underway".
The firm's initial assessment indicated the impact was limited to a single data hall and associated infrastructure, with the rest of the facility continuing to operate, it added.
Tata Communications said in a statement it had restored the services of all customers "who had subscribed for recovery and backup services", adding that further efforts were "being pursued to the extent possible."
GOOGLE, CLIENT WOES
The cause of the fire remains unclear, though Delhi fire authorities said it broke out in lithium battery units.
"Matrix has potentially lost access to over 20 years of accumulated operational and business data stored in the affected Tata data centre," CEO Gaurav Khanna told Reuters.
"It's been 20 days and they have not restored backup. If there is a backup it should have been restored by now."
Google said on its incidents page on June 9 that "a fire at a third-party data center facility required an emergency power shutdown of networking equipment", without naming Tata.
The incident referred to the same STT-Tata site, the source said, requesting anonymity as the matter is sensitive.
In its latest update on June 23, Google said there was still no workaround and warned customers of possible latency issues until the facility is fully restored.
Google did not respond to a request for comment.
Another client, Indian internet service provider R2 Net, faces estimated losses of $2 million and the potential loss of customers due to the disruption, its CEO, Sanjay Singh, said.
The fire affected "vital tracking data stored in servers and used by law enforcement to monitor illegal internet activity," he told Reuters.
In a June 23 email seen by Reuters, STT Global Data Centres India told R2 Net that a detailed assessment and independent technical root cause analysis was under way and expected to take five to seven weeks.
Reuters could not identify other affected companies.
Tata Communications says 300 Fortune 500 companies are among its clients and that it connects businesses to 80% of the world's cloud giants.
'FORCE MAJEURE'
ST Telemedia acquired a 74% stake in Tata Communications' data centre business in 2016. Their joint venture now runs 30 data centres in 10 Indian cities.
The fire adds to challenges for the Tata group. Tata Electronics recently disclosed a cybersecurity incident after a ransomware website published what it said were client documents linked to Apple and Tesla on the dark web.
Matrix said it lost customer data, usage records, support history, and billing and vendor-related data in the fire, adding that sales have fallen sharply due to the outage.
"This is clearly an unfortunate force majeure event ... services under the agreements at the data centre facility have been hindered," Novamesh said in its letter. "The position continues to be assessed."
The data centre had a "state-of-the-art fire protection and suppression system," the joint venture says on its website.
(Reporting by Aditya Kalra and Munsif Vengattil. Editing by Tony Munroe, Clarence Fernandez and Mark Potter)
((Email: [email protected]; X: @adityakalra;))
Damage from data centre fire among string of Tata headaches
One client says it lost more than two decades of data
On June 5, Tata unit said business continuity plans in place
Some Google Cloud issues linked to incident, source says
Adds Tata Communications statement in paragraph 11
By Aditya Kalra and Munsif Vengattil
NEW DELHI, June 24 (Reuters) - A fire at a New Delhi data centre used by global tech firms has left some customers fearing the loss of decades of data and caused network disruptions for Google Cloud services in India, according to a company letter and sources.
The blaze at the STT Global Data Centres India facility, owned by Singapore's ST Telemedia and India's Tata Communications TATA.NS, caused "extensive damage" to parts of the site, making data recovery difficult, a Tata Communications unit said in a letter to a client seen by Reuters.
The firm, part of the salt-to-aviation Tata conglomerate, told Indian stock exchanges on June 5 it had activated business continuity plans to limit disruption after an early morning fire at the facility.
One client, Matrix Cellular, an Indian company that sells international SIM cards, told Reuters it was struggling to recover more than two decades of data lost in the incident.
Some of Google Cloud's intermittent network disruptions in India are also linked to the fire, a source with direct knowledge of the matter said.
Television footage from inside the facility on the day of the fire showed server racks and electrical infrastructure that appeared to be completely burned, with collapsed ceiling panels and debris strewn across the floor.
The fire was "so severe that it caused extensive damage" and hindered services, Tata Communications unit Novamesh said in the June 15 letter to Matrix Cellular, which has not previously been reported.
"Despite our ongoing best efforts to recover the data, the severity of the damage ... presents significant challenges to the recovery of the affected data and systems," the letter said.
STT Global Data Centres India said in a statement it was supporting affected customers, including by moving them to alternate capacity where possible, and that an "independent technical root cause analysis is underway".
The firm's initial assessment indicated the impact was limited to a single data hall and associated infrastructure, with the rest of the facility continuing to operate, it added.
Tata Communications said in a statement it had restored the services of all customers "who had subscribed for recovery and backup services", adding that further efforts were "being pursued to the extent possible."
GOOGLE, CLIENT WOES
The cause of the fire remains unclear, though Delhi fire authorities said it broke out in lithium battery units.
"Matrix has potentially lost access to over 20 years of accumulated operational and business data stored in the affected Tata data centre," CEO Gaurav Khanna told Reuters.
"It's been 20 days and they have not restored backup. If there is a backup it should have been restored by now."
Google said on its incidents page on June 9 that "a fire at a third-party data center facility required an emergency power shutdown of networking equipment", without naming Tata.
The incident referred to the same STT-Tata site, the source said, requesting anonymity as the matter is sensitive.
In its latest update on June 23, Google said there was still no workaround and warned customers of possible latency issues until the facility is fully restored.
Google did not respond to a request for comment.
Another client, Indian internet service provider R2 Net, faces estimated losses of $2 million and the potential loss of customers due to the disruption, its CEO, Sanjay Singh, said.
The fire affected "vital tracking data stored in servers and used by law enforcement to monitor illegal internet activity," he told Reuters.
In a June 23 email seen by Reuters, STT Global Data Centres India told R2 Net that a detailed assessment and independent technical root cause analysis was under way and expected to take five to seven weeks.
Reuters could not identify other affected companies.
Tata Communications says 300 Fortune 500 companies are among its clients and that it connects businesses to 80% of the world's cloud giants.
'FORCE MAJEURE'
ST Telemedia acquired a 74% stake in Tata Communications' data centre business in 2016. Their joint venture now runs 30 data centres in 10 Indian cities.
The fire adds to challenges for the Tata group. Tata Electronics recently disclosed a cybersecurity incident after a ransomware website published what it said were client documents linked to Apple and Tesla on the dark web.
Matrix said it lost customer data, usage records, support history, and billing and vendor-related data in the fire, adding that sales have fallen sharply due to the outage.
"This is clearly an unfortunate force majeure event ... services under the agreements at the data centre facility have been hindered," Novamesh said in its letter. "The position continues to be assessed."
The data centre had a "state-of-the-art fire protection and suppression system," the joint venture says on its website.
(Reporting by Aditya Kalra and Munsif Vengattil. Editing by Tony Munroe, Clarence Fernandez and Mark Potter)
((Email: [email protected]; X: @adityakalra;))
June 5 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS - REPORTS FIRE INCIDENT AT LEASED PREMISES IN NEW DELHI
TATA COMMUNICATIONS - FIRE BROUGHT UNDER CONTROL WITH NO LOSS OF LIFE
TATA COMMUNICATIONS - ACTIVATES BUSINESS CONTINUITY PROTOCOLS TO MAINTAIN SERVICE
Source text: ID:nNSE3tWzcK
Further company coverage: TATA.NS
(([email protected];))
June 5 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS - REPORTS FIRE INCIDENT AT LEASED PREMISES IN NEW DELHI
TATA COMMUNICATIONS - FIRE BROUGHT UNDER CONTROL WITH NO LOSS OF LIFE
TATA COMMUNICATIONS - ACTIVATES BUSINESS CONTINUITY PROTOCOLS TO MAINTAIN SERVICE
Source text: ID:nNSE3tWzcK
Further company coverage: TATA.NS
(([email protected];))
April 27 (Reuters) - Tata Communications Ltd TATA.NS:
ISSUES AND ALLOTS COMMERCIAL PAPER OF 7.50 BILLION RUPEES
Source text: ID:nNSEbxtgyZ
Further company coverage: TATA.NS
(([email protected];;))
April 27 (Reuters) - Tata Communications Ltd TATA.NS:
ISSUES AND ALLOTS COMMERCIAL PAPER OF 7.50 BILLION RUPEES
Source text: ID:nNSEbxtgyZ
Further company coverage: TATA.NS
(([email protected];;))
**Shares of Tata Communications TATA.NS rise as much as 2.61% to 1,554.80 rupees; last up 0.5%
**Communication technology firm posts 9.4% rise in fourth-quarter revenue; profit dips to 2.63 billion rupees ($27.94 million) from 10.40 billion in the year-ago period, which had seen a one-off gain from the sale of a stake in a subsidiary
**CLSA retains "outperform" on TATA, citing robust growth commentary by new CEO and upside from the potential STT GDC India IPO ahead; hikes PT to 2280 rupees from 2165 rupees
**Centrum Broking ("Neutral; PT: 1,525 rupees) says co's performance was driven by strong momentum in data and digital businesses
**Digital segment now accounts for 50%+ of data revenues, reinforcing shift to higher-value platform offerings; broad-based growth improves visibility - brokerage
**Centrum sees revenue growing at a CAGR of 8.9% over FY26-FY28E
($1 = 94.1350 Indian rupees)
(Reporting by Mridula Kumar in Bengaluru)
(([email protected];))
**Shares of Tata Communications TATA.NS rise as much as 2.61% to 1,554.80 rupees; last up 0.5%
**Communication technology firm posts 9.4% rise in fourth-quarter revenue; profit dips to 2.63 billion rupees ($27.94 million) from 10.40 billion in the year-ago period, which had seen a one-off gain from the sale of a stake in a subsidiary
**CLSA retains "outperform" on TATA, citing robust growth commentary by new CEO and upside from the potential STT GDC India IPO ahead; hikes PT to 2280 rupees from 2165 rupees
**Centrum Broking ("Neutral; PT: 1,525 rupees) says co's performance was driven by strong momentum in data and digital businesses
**Digital segment now accounts for 50%+ of data revenues, reinforcing shift to higher-value platform offerings; broad-based growth improves visibility - brokerage
**Centrum sees revenue growing at a CAGR of 8.9% over FY26-FY28E
($1 = 94.1350 Indian rupees)
(Reporting by Mridula Kumar in Bengaluru)
(([email protected];))
April 22 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS LTD - RECOMMENDS FINAL DIVIDEND OF 17.50 RUPEES PER SHARE
TATA COMMUNICATIONS Q4 CONSOL NET PROFIT 2.63 BILLION RUPEES
TATA COMMUNICATIONS Q4 CONSOL INCOME FROM OPERATIONS 65.54 BILLION RUPEES
Source text: ID:nBSENjflp
Further company coverage: TATA.NS
(([email protected];))
April 22 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS LTD - RECOMMENDS FINAL DIVIDEND OF 17.50 RUPEES PER SHARE
TATA COMMUNICATIONS Q4 CONSOL NET PROFIT 2.63 BILLION RUPEES
TATA COMMUNICATIONS Q4 CONSOL INCOME FROM OPERATIONS 65.54 BILLION RUPEES
Source text: ID:nBSENjflp
Further company coverage: TATA.NS
(([email protected];))
April 13 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS LTD- A. S. LAKSHMINARAYANAN HAS RETIRED AS THE MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
Further company coverage: TATA.NS
(([email protected];))
April 13 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS LTD- A. S. LAKSHMINARAYANAN HAS RETIRED AS THE MANAGING DIRECTOR AND CHIEF EXECUTIVE OFFICER
Further company coverage: TATA.NS
(([email protected];))
April 9 (Reuters) - Tata Consultancy Services Ltd TCS.NS:
TCS EXEC: SHIFT FROM EXPERIMENTATION TO SCALED AI DEPLOYMENT SHOWED MARKED IMPROVEMENT IN FY26
TCS EXEC: SEE COLLABORATION WITH TATA POWER, TATA COMMUNICATIONS TO SCALE DATA CENTRE BUSINESS
Source text: [ID:]
Further company coverage: TCS.NS
(([email protected];))
April 9 (Reuters) - Tata Consultancy Services Ltd TCS.NS:
TCS EXEC: SHIFT FROM EXPERIMENTATION TO SCALED AI DEPLOYMENT SHOWED MARKED IMPROVEMENT IN FY26
TCS EXEC: SEE COLLABORATION WITH TATA POWER, TATA COMMUNICATIONS TO SCALE DATA CENTRE BUSINESS
Source text: [ID:]
Further company coverage: TCS.NS
(([email protected];))
March 27 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS LTD - ISSUES AND ALLOTS COMMERCIAL PAPER TOTALING 7.50 BILLION RUPEES
Source text: ID:nNSE2RZ0N2
Further company coverage: TATA.NS
(([email protected];))
March 27 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS LTD - ISSUES AND ALLOTS COMMERCIAL PAPER TOTALING 7.50 BILLION RUPEES
Source text: ID:nNSE2RZ0N2
Further company coverage: TATA.NS
(([email protected];))
March 18 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS LTD- JOINT VENTURE AGREEMENT EXECUTED BETWEEN TATA COMMUNICATIONS (HONG KONG) AND SHANGHAI RUNSHENGTONG MANAGEMENT CONSULTING CO
Source text: ID:nNSE7fxjKL
Further company coverage: TATA.NS
(([email protected];))
March 18 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS LTD- JOINT VENTURE AGREEMENT EXECUTED BETWEEN TATA COMMUNICATIONS (HONG KONG) AND SHANGHAI RUNSHENGTONG MANAGEMENT CONSULTING CO
Source text: ID:nNSE7fxjKL
Further company coverage: TATA.NS
(([email protected];))
Feb 23 (Reuters) - Tata Communications Ltd TATA.NS:
CO AND RAILTEL COLLABORATE ON INDIA'S DIGITAL INFRASTRUCTURE
ASSOCIATION TO MODERNIZE NETWORK INFRASTRUCTURE AND CYBER PROTECTION
Source text: ID:nNSE7MxcFt
Further company coverage: TATA.NS
(([email protected];))
Feb 23 (Reuters) - Tata Communications Ltd TATA.NS:
CO AND RAILTEL COLLABORATE ON INDIA'S DIGITAL INFRASTRUCTURE
ASSOCIATION TO MODERNIZE NETWORK INFRASTRUCTURE AND CYBER PROTECTION
Source text: ID:nNSE7MxcFt
Further company coverage: TATA.NS
(([email protected];))
Adds details of partnership, background on data centre spending
NEW DELHI, Feb 19 (Reuters) - OpenAI will become the first customer of India's Tata Consultancy Services' data centre business, beginning with 100 megawatts of capacity, part of the global AI infrastructure initiative Stargate, the companies said.
Stargate is a $500 billion multi-year initiative to build AI data centres for training and inference, backed by major investors.
The deal is a major boost for TCS, which in a strategic shift last year disclosed plans to invest up to $7 billion in a 1 gigawatt data centre unit in India.
India has seen a surge in big-ticket AI infrastructure spending, with global players like Google GOOGL.O, Amazon AMZN.O, Meta Platforms META.O, and Microsoft MSFT.O, ramping up investments along with domestic companies such as Reliance RELI.NS, and Adani Group ADEL.NS.
Under a separate partnership, TCS parent Tata Group also plans to deploy ChatGPT Enterprise across the company over the next several years, starting with hundreds of thousands of employees. OpenAI is the parent company of ChatGPT.
India now has more than 100 million weekly ChatGPT users, OpenAI said.
(Reporting by Munsif Vengattil in New Delhi; Editing by Raju Gopalakrishnan)
(([email protected];))
Adds details of partnership, background on data centre spending
NEW DELHI, Feb 19 (Reuters) - OpenAI will become the first customer of India's Tata Consultancy Services' data centre business, beginning with 100 megawatts of capacity, part of the global AI infrastructure initiative Stargate, the companies said.
Stargate is a $500 billion multi-year initiative to build AI data centres for training and inference, backed by major investors.
The deal is a major boost for TCS, which in a strategic shift last year disclosed plans to invest up to $7 billion in a 1 gigawatt data centre unit in India.
India has seen a surge in big-ticket AI infrastructure spending, with global players like Google GOOGL.O, Amazon AMZN.O, Meta Platforms META.O, and Microsoft MSFT.O, ramping up investments along with domestic companies such as Reliance RELI.NS, and Adani Group ADEL.NS.
Under a separate partnership, TCS parent Tata Group also plans to deploy ChatGPT Enterprise across the company over the next several years, starting with hundreds of thousands of employees. OpenAI is the parent company of ChatGPT.
India now has more than 100 million weekly ChatGPT users, OpenAI said.
(Reporting by Munsif Vengattil in New Delhi; Editing by Raju Gopalakrishnan)
(([email protected];))
Feb 10 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS LTD - APPOINTS SIDDHARTHA MUNDRA AS CFO - DESIGNATE
TATA COMMUNICATIONS LTD - KABIR AHMED SHAKIR TO CEASE AS CFO EFFECTIVE APRIL 30, 2026
Source text: ID:nNSE5bbNR6
Further company coverage: TATA.NS
(([email protected];))
Feb 10 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS LTD - APPOINTS SIDDHARTHA MUNDRA AS CFO - DESIGNATE
TATA COMMUNICATIONS LTD - KABIR AHMED SHAKIR TO CEASE AS CFO EFFECTIVE APRIL 30, 2026
Source text: ID:nNSE5bbNR6
Further company coverage: TATA.NS
(([email protected];))
Feb 3 (Reuters) - Tata Communications Ltd TATA.NS:
KABIR AHMED SHAKIR RESIGNS AS CFO
Source text: ID:nNSE9Wt08Q
Further company coverage: TATA.NS
(([email protected];))
Feb 3 (Reuters) - Tata Communications Ltd TATA.NS:
KABIR AHMED SHAKIR RESIGNS AS CFO
Source text: ID:nNSE9Wt08Q
Further company coverage: TATA.NS
(([email protected];))
Jan 21 (Reuters) - India's Tata Communications TATA.NS reported its first profit rise in three quarters on Wednesday, on strong demand for its cloud services and connectivity solutions.
The company also picked Ganesh Lakshminarayanan as managing director and chief executive officer-designate. He will be appointed once regulatory approvals are in place.
Lakshminarayanan is managing director and group vice president for ServiceNow in India and the South Asian Association for Regional Cooperation (SAARC) region, the firm said in a statement.
The Mumbai-based Tata Communications, which offers data connections and cybersecurity to enterprises, said its profit jumped 54.3% on-year to 3.65 billion rupees ($39.8 million) for the three months ended December 31.
Revenue from its mainstay data services business jumped 9.4% to 53.8 billion rupees, boosting overall revenue 6.7% to 61.89 billion rupees.
Tata Communications aims to grow its data business revenue to 280 billion rupees by fiscal year 2028, driven by digital services that it expects will boost future revenue and margins.
It has been reducing its reliance on legacy network services, which continue to face pricing pressure and operational disruptions, while investing in digital infrastructure businesses such as cloud connectivity, cybersecurity, Internet of Things and communication platforms.
The firm also recorded a provision of 609.8 million rupees in the quarter after India notified new labour codes, the country's biggest overhaul of workers' laws in decades.
The codes require employee wages to be at least 50% of cost-to-company, and benefits like provident funds and gratuity to be determined based on wages.
Implemented in November, the new codes have dragged the profit of Indian big tech firms, including Wipro WIPR.NS, TCS TCS.NS and HCLTech HCLT.NS.
($1 = 91.6910 Indian rupees)
(Reporting by Aleef Jahan and Mridula Kumar in Bengaluru; Editing by Harikrishnan Nair)
Jan 21 (Reuters) - India's Tata Communications TATA.NS reported its first profit rise in three quarters on Wednesday, on strong demand for its cloud services and connectivity solutions.
The company also picked Ganesh Lakshminarayanan as managing director and chief executive officer-designate. He will be appointed once regulatory approvals are in place.
Lakshminarayanan is managing director and group vice president for ServiceNow in India and the South Asian Association for Regional Cooperation (SAARC) region, the firm said in a statement.
The Mumbai-based Tata Communications, which offers data connections and cybersecurity to enterprises, said its profit jumped 54.3% on-year to 3.65 billion rupees ($39.8 million) for the three months ended December 31.
Revenue from its mainstay data services business jumped 9.4% to 53.8 billion rupees, boosting overall revenue 6.7% to 61.89 billion rupees.
Tata Communications aims to grow its data business revenue to 280 billion rupees by fiscal year 2028, driven by digital services that it expects will boost future revenue and margins.
It has been reducing its reliance on legacy network services, which continue to face pricing pressure and operational disruptions, while investing in digital infrastructure businesses such as cloud connectivity, cybersecurity, Internet of Things and communication platforms.
The firm also recorded a provision of 609.8 million rupees in the quarter after India notified new labour codes, the country's biggest overhaul of workers' laws in decades.
The codes require employee wages to be at least 50% of cost-to-company, and benefits like provident funds and gratuity to be determined based on wages.
Implemented in November, the new codes have dragged the profit of Indian big tech firms, including Wipro WIPR.NS, TCS TCS.NS and HCLTech HCLT.NS.
($1 = 91.6910 Indian rupees)
(Reporting by Aleef Jahan and Mridula Kumar in Bengaluru; Editing by Harikrishnan Nair)
Jan 16 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS LTD - ISSUES COMMERCIAL PAPER OF 3 BILLION RUPEES
Source text: ID:nNSE7lXchr
Further company coverage: TATA.NS
(([email protected];))
Jan 16 (Reuters) - Tata Communications Ltd TATA.NS:
TATA COMMUNICATIONS LTD - ISSUES COMMERCIAL PAPER OF 3 BILLION RUPEES
Source text: ID:nNSE7lXchr
Further company coverage: TATA.NS
(([email protected];))
** Shares of Tata Communications TATA.NS jump 10% to 1,865 rupees, their biggest pct gain in five years
** At highest level since October, 2024
** More than 285,000 shares traded in seven block deals in the 1,849.8-1,912.1 rupee price range, a premium compared to previous close of 1696.80 rupees - LSEG data
** TATA rises for a sixth straight session, gaining 16.5% in the period
** More than 13 mln shares traded as of 2:50 p.m. IST, 44x their 30-day avg
** Including session's gains, stock up 11% YTD
(Reporting by Nishit Navin in Bengaluru)
** Shares of Tata Communications TATA.NS jump 10% to 1,865 rupees, their biggest pct gain in five years
** At highest level since October, 2024
** More than 285,000 shares traded in seven block deals in the 1,849.8-1,912.1 rupee price range, a premium compared to previous close of 1696.80 rupees - LSEG data
** TATA rises for a sixth straight session, gaining 16.5% in the period
** More than 13 mln shares traded as of 2:50 p.m. IST, 44x their 30-day avg
** Including session's gains, stock up 11% YTD
(Reporting by Nishit Navin in Bengaluru)
Sept 29 (Reuters) - Tata Communications Ltd TATA.NS:
TO POWER INDIA'S GST ECOSYSTEM WITH DIGITAL SOLUTIONS
AWARDED PROJECT FOR DIGITAL INFRASTRUCTURE
Source text: ID:nBSE8y856B
Further company coverage: TATA.NS
(([email protected];;))
Sept 29 (Reuters) - Tata Communications Ltd TATA.NS:
TO POWER INDIA'S GST ECOSYSTEM WITH DIGITAL SOLUTIONS
AWARDED PROJECT FOR DIGITAL INFRASTRUCTURE
Source text: ID:nBSE8y856B
Further company coverage: TATA.NS
(([email protected];;))
** Shares of Tata Communications TATA.NS rise 2% to 1704.50 rupees apiece
** Macquarie reiterates "Outperform", saying that TATA will be a key beneficiary of the surge in data consumption, enterprise migration to cloud and data localization
"As TATA's digital portfolio achieves further scale, we see a sharp turnaround in profitability and return on invested capital (ROIC) over the next three years," Macquarie analysts Aditya Suresh and Baiju Joshi say
** Macquarie's price target on TATA is 2,210 rupees, Street high, implying an upside of 32.4% over the last close
** The average rating of eight analysts tracking TATA is "Buy"; the median price target is 2000 rupees, data compiled by LSEG shows
** TATA shares are down 2% in 2025 so far, underperforming the 2.6% rise in Nifty midcap 100 index .NIFMDCP100, exchange data shows
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
** Shares of Tata Communications TATA.NS rise 2% to 1704.50 rupees apiece
** Macquarie reiterates "Outperform", saying that TATA will be a key beneficiary of the surge in data consumption, enterprise migration to cloud and data localization
"As TATA's digital portfolio achieves further scale, we see a sharp turnaround in profitability and return on invested capital (ROIC) over the next three years," Macquarie analysts Aditya Suresh and Baiju Joshi say
** Macquarie's price target on TATA is 2,210 rupees, Street high, implying an upside of 32.4% over the last close
** The average rating of eight analysts tracking TATA is "Buy"; the median price target is 2000 rupees, data compiled by LSEG shows
** TATA shares are down 2% in 2025 so far, underperforming the 2.6% rise in Nifty midcap 100 index .NIFMDCP100, exchange data shows
(Reporting by Bharath Rajeswaran in Bengaluru)
(([email protected]; +91 9769003463;))
Aug 25 (Reuters) - Tata Communications Ltd TATA.NS:
ISSUES 7 BILLION RUPEES COMMERCIAL PAPER
Source text: ID:nBSE7gHWF9
Further company coverage: TATA.NS
(([email protected];))
Aug 25 (Reuters) - Tata Communications Ltd TATA.NS:
ISSUES 7 BILLION RUPEES COMMERCIAL PAPER
Source text: ID:nBSE7gHWF9
Further company coverage: TATA.NS
(([email protected];))
Curbs undermine project viability, investments, developers say
Top RE state Rajasthan facing 48% curbs in peak hours - NSEFI
Sun-drenched Tamil Nadu Q2 solar output 10% lower than forecast
Tendering, project awards slow in Q2, consultancy Mercom says
New plants operated ahead of schedule congesting power lines
By Sudarshan Varadhan and Sethuraman N R
SINGAPORE/NEW DELHI, Aug 19 (Reuters) - India is curbing solar output during periods of low demand to keep its power grid stable and to ease congestion in power lines as green energy supply rises, its Ministry of New and Renewable Energy (MNRE) told Reuters.
Congestion in power lines due to some new plants coming into operation ahead of schedule and delayed transmission projects have also forced power output curbs, also known as curtailment, the MNRE said in an emailed response to questions late on Monday.
The curtailments are the latest setback to India's renewable power developers, who are increasingly languishing without supply contracts as demand for power slows.
The National Solar Energy Federation of India (NSEFI) said in a July 24 letter to the ministry that solar power producers in Rajasthan, the top green power producing state, were facing prolonged and frequent curtailments, which had risen to 48% of output during peak generation hours.
The producers have lost more than $26 million in revenue since April due to the curbs, NSEFI said in the letter reviewed by Reuters.
NSEFI, whose members include the green energy arms of Indian conglomerates Adani ADNA.NS and Tata TTPW.NS, Amazon Web Services AMZN.O, Dutch investment firm SHV and Malaysia's Gentari, said curtailments undermined project viability and future investments.
"Projects in the state had been deferred by 18-20 months to accommodate for the delays in the transmission system, but are still unable to be commissioned due to even further delays," NSEFI said.
NSEFI has asked the government to accelerate transmission and battery storage projects, some of which face up to two years of delay. The federal power ministry has said it is fast-tracking interstate transmission lines to support renewable energy.
BEYOND RAJASTHAN
While Rajasthan is the worst affected by curtailments, other major green energy producers such as the southern Tamil Nadu state, and Gujarat and Maharashtra in the west are also curbing output, according to four industry officials and analysts.
Data compiled by Tamil Nadu's Renewable Energy Producers Association showed solar output was 10% lower than forecast in the quarter ended June.
J Radhakrishnan, a spokesman for the Tamil Nadu energy department said solar was being curbed as a "last resort" measure, and that coal power was also being curtailed amid low demand.
India's renewable energy generation, mainly solar, rose at a record pace in the six months ended June as previously awarded projects came online, while overall power generation growth was largely flat compared with an increase of nearly 6% in 2024.
However, solar projects awarded in the three months ended June fell 75% annually and tenders for new projects declined 65%, according to clean energy consultancy Mercom.
The decline reflects a "temporary recalibration rather than a slowdown," MNRE said, adding that bids were being issued in line with national targets and demand.
Government data shows the usage rate of solar capacity fell to 21.4% in May and 19.5% in June. The MNRE said some of it was due to lower irradiance, adding it expected capacity utilisation of 21%–25% range from February to June in the future.
India solar capacity utilisation rate falls in May, June 2025 https://reut.rs/4oIT49U
(Reporting by Sudarshan Varadhan in Singapore and Sethuraman N R in New Delhi; Editing by Florence Tan and Kate Mayberry)
(([email protected]; +65 91164984;))
Curbs undermine project viability, investments, developers say
Top RE state Rajasthan facing 48% curbs in peak hours - NSEFI
Sun-drenched Tamil Nadu Q2 solar output 10% lower than forecast
Tendering, project awards slow in Q2, consultancy Mercom says
New plants operated ahead of schedule congesting power lines
By Sudarshan Varadhan and Sethuraman N R
SINGAPORE/NEW DELHI, Aug 19 (Reuters) - India is curbing solar output during periods of low demand to keep its power grid stable and to ease congestion in power lines as green energy supply rises, its Ministry of New and Renewable Energy (MNRE) told Reuters.
Congestion in power lines due to some new plants coming into operation ahead of schedule and delayed transmission projects have also forced power output curbs, also known as curtailment, the MNRE said in an emailed response to questions late on Monday.
The curtailments are the latest setback to India's renewable power developers, who are increasingly languishing without supply contracts as demand for power slows.
The National Solar Energy Federation of India (NSEFI) said in a July 24 letter to the ministry that solar power producers in Rajasthan, the top green power producing state, were facing prolonged and frequent curtailments, which had risen to 48% of output during peak generation hours.
The producers have lost more than $26 million in revenue since April due to the curbs, NSEFI said in the letter reviewed by Reuters.
NSEFI, whose members include the green energy arms of Indian conglomerates Adani ADNA.NS and Tata TTPW.NS, Amazon Web Services AMZN.O, Dutch investment firm SHV and Malaysia's Gentari, said curtailments undermined project viability and future investments.
"Projects in the state had been deferred by 18-20 months to accommodate for the delays in the transmission system, but are still unable to be commissioned due to even further delays," NSEFI said.
NSEFI has asked the government to accelerate transmission and battery storage projects, some of which face up to two years of delay. The federal power ministry has said it is fast-tracking interstate transmission lines to support renewable energy.
BEYOND RAJASTHAN
While Rajasthan is the worst affected by curtailments, other major green energy producers such as the southern Tamil Nadu state, and Gujarat and Maharashtra in the west are also curbing output, according to four industry officials and analysts.
Data compiled by Tamil Nadu's Renewable Energy Producers Association showed solar output was 10% lower than forecast in the quarter ended June.
J Radhakrishnan, a spokesman for the Tamil Nadu energy department said solar was being curbed as a "last resort" measure, and that coal power was also being curtailed amid low demand.
India's renewable energy generation, mainly solar, rose at a record pace in the six months ended June as previously awarded projects came online, while overall power generation growth was largely flat compared with an increase of nearly 6% in 2024.
However, solar projects awarded in the three months ended June fell 75% annually and tenders for new projects declined 65%, according to clean energy consultancy Mercom.
The decline reflects a "temporary recalibration rather than a slowdown," MNRE said, adding that bids were being issued in line with national targets and demand.
Government data shows the usage rate of solar capacity fell to 21.4% in May and 19.5% in June. The MNRE said some of it was due to lower irradiance, adding it expected capacity utilisation of 21%–25% range from February to June in the future.
India solar capacity utilisation rate falls in May, June 2025 https://reut.rs/4oIT49U
(Reporting by Sudarshan Varadhan in Singapore and Sethuraman N R in New Delhi; Editing by Florence Tan and Kate Mayberry)
(([email protected]; +65 91164984;))
MUMBAI, Aug 6 (Reuters) - India's Tata Communications TATA.NS accepted bids worth 10 billion rupees ($114.02 million) for bonds maturing in three years, three bankers said on Wednesday.
The company will pay an annual coupon of 6.77% on this issue, and had invited commitment bids for the issue earlier in the day, they said.
On July 24, Reuters reported that the company is looking to make a comeback after a gap of two years with a three-year bond issue.
The company did not respond to a Reuters request for comment.
Here is the list of deals reported so far on August 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Tata Communications | 3 years | 6.77 | 10 | August 6 | AAA (Care) |
*Size includes base plus greenshoe for some issues
($1 = 87.7020 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Janane Venkatraman)
MUMBAI, Aug 6 (Reuters) - India's Tata Communications TATA.NS accepted bids worth 10 billion rupees ($114.02 million) for bonds maturing in three years, three bankers said on Wednesday.
The company will pay an annual coupon of 6.77% on this issue, and had invited commitment bids for the issue earlier in the day, they said.
On July 24, Reuters reported that the company is looking to make a comeback after a gap of two years with a three-year bond issue.
The company did not respond to a Reuters request for comment.
Here is the list of deals reported so far on August 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Tata Communications | 3 years | 6.77 | 10 | August 6 | AAA (Care) |
*Size includes base plus greenshoe for some issues
($1 = 87.7020 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Janane Venkatraman)
MUMBAI, Aug 5 (Reuters) - India's Tata Communications TATA.NS plans to raise 10 billion rupees ($113.90 million) through the sale of bonds maturing in three years, three bankers said on Tuesday.
The company will pay an annual coupon of 6.77% on this issue, and has invited commitment bids for the issue on Wednesday, they said.
On July 24, Reuters had reported that the company is looking to make a comeback after a gap of two years with a three-year bond issue.
The company did not respond to a Reuters request for comment.
Here is the list of deals reported so far on August 5:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Tata Communications | 3 years | 6.77 | 10 | August 6 | AAA (Care) |
*Size includes base plus greenshoe for some issues.
($1 = 87.7990 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
MUMBAI, Aug 5 (Reuters) - India's Tata Communications TATA.NS plans to raise 10 billion rupees ($113.90 million) through the sale of bonds maturing in three years, three bankers said on Tuesday.
The company will pay an annual coupon of 6.77% on this issue, and has invited commitment bids for the issue on Wednesday, they said.
On July 24, Reuters had reported that the company is looking to make a comeback after a gap of two years with a three-year bond issue.
The company did not respond to a Reuters request for comment.
Here is the list of deals reported so far on August 5:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Tata Communications | 3 years | 6.77 | 10 | August 6 | AAA (Care) |
*Size includes base plus greenshoe for some issues.
($1 = 87.7990 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
By Dharamraj Dhutia and Khushi Malhotra
MUMBAI, July 24 (Reuters) - Two firms of Indian conglomerate Tata Group are planning to raise around 20 billion rupees ($231.5 million) through the sale of bonds over the next few days, three bankers said this week.
Tata Power Renewable Energy, a subsidiary of Tata Power TTPW.NS, is likely to raise around 10 billion rupees through the sale of 10-year bonds, while Tata Communications TATA.NS could raise a similar amount through three-year notes, the bankers said.
The bankers requested anonymity as they are not authorised to speak to media.
The companies did not respond to a Reuters email seeking comment.
"Mutual funds would be buying the Tata Communications issue in most cases, while insurers are expected to line up for the renewable energy company issue," one of the bankers said.
Tata Communications would be tapping the corporate debt market after a gap of nearly two years and is in talks with foreign banks to manage the issue. Its notes are rated AAA by CARE Ratings.
In August 2023, the company raised 17.50 billion rupees through three-year bonds at an annual coupon of 7.75%.
The pricing for the planned issue should be around 100 basis points cheaper, two of three bankers said.
Meanwhile, Tata Power Renewable would be tapping the market for the second time this financial year. It raised 10 billion rupees through 15-year bonds at a coupon of 7.55% in April.
Tata Power Renewable's notes are rated AA+ by rating agencies. The firm has 53 billion rupees worth of bonds outstanding.
($1 = 86.3920 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
(([email protected];))
By Dharamraj Dhutia and Khushi Malhotra
MUMBAI, July 24 (Reuters) - Two firms of Indian conglomerate Tata Group are planning to raise around 20 billion rupees ($231.5 million) through the sale of bonds over the next few days, three bankers said this week.
Tata Power Renewable Energy, a subsidiary of Tata Power TTPW.NS, is likely to raise around 10 billion rupees through the sale of 10-year bonds, while Tata Communications TATA.NS could raise a similar amount through three-year notes, the bankers said.
The bankers requested anonymity as they are not authorised to speak to media.
The companies did not respond to a Reuters email seeking comment.
"Mutual funds would be buying the Tata Communications issue in most cases, while insurers are expected to line up for the renewable energy company issue," one of the bankers said.
Tata Communications would be tapping the corporate debt market after a gap of nearly two years and is in talks with foreign banks to manage the issue. Its notes are rated AAA by CARE Ratings.
In August 2023, the company raised 17.50 billion rupees through three-year bonds at an annual coupon of 7.75%.
The pricing for the planned issue should be around 100 basis points cheaper, two of three bankers said.
Meanwhile, Tata Power Renewable would be tapping the market for the second time this financial year. It raised 10 billion rupees through 15-year bonds at a coupon of 7.55% in April.
Tata Power Renewable's notes are rated AA+ by rating agencies. The firm has 53 billion rupees worth of bonds outstanding.
($1 = 86.3920 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
(([email protected];))
July 22 (Reuters) - Tata Communications Ltd TATA.NS:
CO AND AWS TO ENABLE AI NETWORK IN INDIA
COLLABORATION TO ESTABLISH HIGH-CAPACITY NETWORK CONNECTING AWS LOCATIONS
Source text: ID:nBSE7CWK2H
Further company coverage: TATA.NS
(([email protected];;))
July 22 (Reuters) - Tata Communications Ltd TATA.NS:
CO AND AWS TO ENABLE AI NETWORK IN INDIA
COLLABORATION TO ESTABLISH HIGH-CAPACITY NETWORK CONNECTING AWS LOCATIONS
Source text: ID:nBSE7CWK2H
Further company coverage: TATA.NS
(([email protected];;))
** Tata Communications TATA.NS rises 3.8% to 1,797 rupees
** CLSA maintains "outperform"; keeps PT at 2,100 rupees, citing strong digital services growth and stable EBITDA margins
** Expects 10%–15% CAGR in data revenue, consolidated EBITDA by FY28, led by digital services
** Macquarie maintains "outperform", citing benefits from global data consumption, enterprise cloud migration, data localisation
** Says execution risks remain, but transformation into digital-first company seen as a long-term driver
** Telecom and digital services provider posts 6.4% y/y rise in Q1 consol income
** Stock rated "buy" on average; median PT is 2,000 rupees, per data compiled by LSEG
** TATA gains 5.4% YTD
(Reporting by Rudra Pratap Singh in Bengaluru)
** Tata Communications TATA.NS rises 3.8% to 1,797 rupees
** CLSA maintains "outperform"; keeps PT at 2,100 rupees, citing strong digital services growth and stable EBITDA margins
** Expects 10%–15% CAGR in data revenue, consolidated EBITDA by FY28, led by digital services
** Macquarie maintains "outperform", citing benefits from global data consumption, enterprise cloud migration, data localisation
** Says execution risks remain, but transformation into digital-first company seen as a long-term driver
** Telecom and digital services provider posts 6.4% y/y rise in Q1 consol income
** Stock rated "buy" on average; median PT is 2,000 rupees, per data compiled by LSEG
** TATA gains 5.4% YTD
(Reporting by Rudra Pratap Singh in Bengaluru)
July 17 (Reuters) - Tata Communications Ltd TATA.NS:
Q1 CONSOL NET PROFIT 1.9 BILLION RUPEES
Q1 CONSOL INCOME FROM OPERATIONS 59.6 BILLION RUPEES
TO RAISE OF FUNDS VIA NCDS ON PRIVATE PLACEMENT BASIS, UP TO 10 BILLION RUPEES
TO ACQUIRE UNIT SOLUTIONS INFINI TECHNOLOGIES (INDIA) FOR 1.24 BLN RUPEES
Source text: [ID:]
Further company coverage: TATA.NS
(([email protected];;))
July 17 (Reuters) - Tata Communications Ltd TATA.NS:
Q1 CONSOL NET PROFIT 1.9 BILLION RUPEES
Q1 CONSOL INCOME FROM OPERATIONS 59.6 BILLION RUPEES
TO RAISE OF FUNDS VIA NCDS ON PRIVATE PLACEMENT BASIS, UP TO 10 BILLION RUPEES
TO ACQUIRE UNIT SOLUTIONS INFINI TECHNOLOGIES (INDIA) FOR 1.24 BLN RUPEES
Source text: [ID:]
Further company coverage: TATA.NS
(([email protected];;))
** India's Tata Communications TATA.NS jumps ~4.7% to more than six-month high of 1,807.50 rupees
** Stock rises for seventh consecutive session
** Macquarie Equity Research initiates coverage with "outperform" rating, PT of 2,300 rupees
** Says Co's improved breadth of offerings yielding larger and longer-term deal wins
** "We see a bull-case path for the shares to double over three years," brokerage says
** Adds that TATA's superior positioning and optionality warrants premium multiple over Bharti Airtel's BRTI.NS enterprise division
** More than 3.5 million shares traded on the day, ~8x six-month average volume
(Reporting by Vivek Kumar M)
(([email protected];))
** India's Tata Communications TATA.NS jumps ~4.7% to more than six-month high of 1,807.50 rupees
** Stock rises for seventh consecutive session
** Macquarie Equity Research initiates coverage with "outperform" rating, PT of 2,300 rupees
** Says Co's improved breadth of offerings yielding larger and longer-term deal wins
** "We see a bull-case path for the shares to double over three years," brokerage says
** Adds that TATA's superior positioning and optionality warrants premium multiple over Bharti Airtel's BRTI.NS enterprise division
** More than 3.5 million shares traded on the day, ~8x six-month average volume
(Reporting by Vivek Kumar M)
(([email protected];))
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Popular questions
- Business
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What does Tata Communications do?
Tata Communications is a digital ecosystem enabler that powers fast-growing digital economy. Its comprehensive portfolio spans next-generation connectivity, cloud services, customer interaction solutions, IoT, media services and cybersecurity, all underpinned by its robust global network infrastructure. The company’s digital fabric of solutions integrates advanced platforms, tools and technologies to simplify complexities and help enterprises unlock new possibilities in a rapidly evolving digital landscape.
Who are the competitors of Tata Communications?
Tata Communications major competitors are HFCL, Black Box, Tejas Networks, Avantel, NELCO, D-Link (India), GTL Infrastructure. Market Cap of Tata Communications is ₹52,655 Crs. While the median market cap of its peers are ₹4,791 Crs.
Is Tata Communications financially stable compared to its competitors?
Tata Communications seems to be less financially stable compared to its competitors. Altman Z score of Tata Communications is 2.22 and is ranked 6 out of its 8 competitors.
Does Tata Communications pay decent dividends?
The company seems to pay a good stable dividend. Tata Communications latest dividend payout ratio is 49.8% and 3yr average dividend payout ratio is 45.92%
How has Tata Communications allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Tata Communications balance sheet?
Balance sheet of Tata Communications is moderately strong, But short term working capital might become an issue for this company.
Is the profitablity of Tata Communications improving?
The profit is oscillating. The profit of Tata Communications is ₹1,002 Crs for Mar 2026, ₹1,836 Crs for Mar 2025 and ₹968 Crs for Mar 2024
Is the debt of Tata Communications increasing or decreasing?
The net debt of Tata Communications is decreasing. Latest net debt of Tata Communications is ₹9,214 Crs as of Mar-26. This is less than Mar-25 when it was ₹9,705 Crs.
Is Tata Communications stock expensive?
Yes, Tata Communications is expensive. Latest PE of Tata Communications is 52.84, while 3 year average PE is 34.28. Also latest EV/EBITDA of Tata Communications is 13.02 while 3yr average is 12.16.
Has the share price of Tata Communications grown faster than its competition?
Tata Communications has given lower returns compared to its competitors. Tata Communications has grown at ~16.36% over the last 8yrs while peers have grown at a median rate of 24.88%
Is the promoter bullish about Tata Communications?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Tata Communications is 58.86% and last quarter promoter holding is 58.86%.
Are mutual funds buying/selling Tata Communications?
The mutual fund holding of Tata Communications is increasing. The current mutual fund holding in Tata Communications is 16.73% while previous quarter holding is 16.06%.