Tata Communications surges on partnering with JLR

Tata Communications is currently trading at Rs. 1730.00, up by 23.40 points or 1.37% from its previous closing of Rs. 1706.60 on the BSE.

The scrip opened at Rs. 1711.65 and has touched a high and low of Rs. 1742.00 and Rs. 1702.50 respectively. So far 118529 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1956.85 on 11-Sep-2023 and a 52 week low of Rs. 1157.10 on 16-Mar-2023.

Last one week high and low of the scrip stood at Rs. 1742.00 and Rs. 1659.95 respectively. The current market cap of the company is Rs. 49239.45 crore.

The promoters holding in the company stood at 58.86%, while Institutions and Non-Institutions held 31.08% and 10.06% respectively.

Tata Communications has partnered with JLR to future-proof JLR’s digital transformation and pave the way for new standards such as Industry 4.0 and advanced analytics. The partnership will power the production of JLR’s next-generation vehicles, a key part of its Reimagine strategy, and provide the connectivity foundation for the next phase of digital transformation for the organisation. 

Tata Communications will deploy its cloud-first, software-defined wide area network (SD-WAN) technology, connecting all JLR’s 128 sites worldwide. This advanced global connected capability - between JLR’s global HQ and its plants, warehouses, sales centres, data centres and cloud services, will significantly boost supply chain efficiency and security. 

The transformation will enable JLR to bring in AI-powered and real-time data capturing, monitoring and analysis to improve production line performance. Through predictive risk management controls, the carmaker will be able to identify potential anomalies more effectively - driving greater efficiencies while also helping assure vehicle quality build.

Further, this partnership will significantly shorten the time to upgrade manufacturing processes, strengthen operational resilience and increase agility to meet production demands. JLR estimates significant cost savings along with business benefits through scale and security. Tata Communications has already commenced implementation of the network transformation program and will complete the deployment by 2025.

Tata Communications along with its subsidiaries is a leading global provider of A New World of Communications.