TCS shares gain after being selected for 2nd phase of Passport Seva Programme

Shares of Tata Consultancy Services (TCS) on Friday were trading with nearly 1.5 per cent gain after the tech giant said it has been selected by the Ministry of External Affairs (MEA) for the second phase of the Passport Seva Program.

At 2.20 pm, shares of IT consulting and software were trading with gains of Rs 48.25 or 1.27% to Rs 3855.10. Source: PTI

Shares of Tata Consultancy Services (TCS) on Friday were trading with nearly 1.5 per cent gain after the tech giant said it has been selected by the Ministry of External Affairs (MEA) for the second phase of the Passport Seva Program.

At 2.20 pm, shares of IT consulting and software were trading with gains of Rs 48.25 or 1.27% to Rs 3855.10. Shares also hit day's high of Rs 3864.45 earlier in the day. TCS shares traded at 52-week high value of Rs 3,990.00 on October 8, 2021 and touched year-low of Rs 2,701 on February 24, 2021.

Meanwhile, as per the company, In the next phase of the programme, TCS will refresh existing facilities and systems, and develop innovative solutions to enable the issuance of e-passports and further enhance the citizen experience, using technologies, such as biometrics, artificial intelligence, advanced data analytics, chatbots, auto-response, natural language processing, and the cloud, said a statement from the company.

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Launched in 2008, the Passport Seva Program saw TCS transforming the delivery of passport-related services, digitising the processes, and setting global benchmarks in timeliness, transparency, and reliability.

"The world-class experience delivered at the TCS-run Passport Seva Kendras (PSK) across the country made the service immensely popular and a source of national pride. Accessibility was further enhanced by extending the service through designated post offices and Indian missions and posts across the world," the statement said.

TCS Business Unit Head (Public Sector) Tej Bhatla said TCS has been playing a vital role in building a Digital India, driving transformation programmes of national importance.

"Our partnership with MEA over the last decade has become a benchmark in a public-private partnership for citizen services. We are pleased to be selected for the next phase of the Passport Seva Program and look forward to driving further innovations and improving citizen experiences, using our contextual knowledge and digital technologies," Bhatla added.

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