TCS, MEA sign deal for passport delivery project | business | Hindustan Times
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TCS, MEA sign deal for passport delivery project

business Updated: Oct 13, 2008 13:04 IST
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Country's largest software exporter TCS on Monday signed a deal with the External Affairs Ministry for a project worth little over Rs 1,000 crore for passport delivery service that would ensure citizens get the travel document in three days.

The project will be spread over six years and TCS will implement end-to-end service of the programme, TCS CEO S Ramadorai said here.

The deal, which was finalised in the presence of Foreign Secretary Shiv Shankar Menon, will ensure that passports are delivered in three working days after police verification.

Maintaining that TCS was in the silent period due to its upcoming second quarter results, Ramadorai said the company is maintaining a wait and watch policy during the current financial turmoil, but specific events or incidents like the present one can change the main focus the company.

"We are witnessing the change happening," Ramadorai said.

TCS shares were trading at Rs 586, up 12.05 per cent.