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TATA Consultancy gets $16 million contract from AGL

TATA Consultancy gets $16 million contract from AGL
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First Published: Mon, Aug 20 2007. 10 52 AM IST
Updated: Mon, Aug 20 2007. 10 52 AM IST
Melbourne: Indian’s leading software firm TATA Consultancy Services has been awarded a major outsourcing contract by AGL Energy Ltd, Australia’s largest integrated energy company.
The $16 million TATA contract, which is part of a major technology overhaul at AGL, is predicted to save the Australian company about $12 million a year, for five years.
The decisive will allow AGL to cut down it workforce and significantly reduce the cost of operations in running our existing information management systems.
“With this deal, we will save an estimated $12 million per year assisting us to reduce the number of full time employees engaged by AGL in IT support from more than 300 to about 20,” AGL managing director Paul Anthony was quoted as saying by AAP.
“This agreement will achieve a step change in efficiency gains, support our new integrated retail platform, and build competitive advantage in the use of information to derive superior service and products for our growing customer base,” he said.
“It (the Tata contract) will also enable the implementation of AGL’s major IT change programme, which is estimated to save around $60 million a year once its new retail solution is fully implemented,” the company said.
AGL’s overall information technology strategy of moving from internal IT to an outsourced solution is expected to save the company $60 million a year, once complete.
“This saving is part of AGL’s company-wide, cost-saving programme previously disclosed to the market,” it said.
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First Published: Mon, Aug 20 2007. 10 52 AM IST