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    TCS   INE467B01029

TATA CONSULTANCY SERVICES LTD.

(TCS)
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Delayed NSE India Stock Exchange  -  04:48 2022-06-27 am EDT
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New York State Energy Agency Certifies that TCS Clever Energy Makes Buildings Smarter and More Energy Efficient

05/06/2022 | 07:48am EDT

New York State Energy Agency Certifies that TCS Clever Energy Makes Buildings Smarter and More Energy Efficient.

Tata Consultancy Services' Digital Solution Empowers New York Businesses to Achieve Sustainability Goals and Reduce Energy Costs by Optimizing Energy Consumption

Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) announced that the New York State Energy Research and Development Authority (NYSERDA) has qualified TCS Clever Energy as a transformative digital solution for real time monitoring, analyzing, and modeling of energy consumption in buildings. This means New York businesses can leverage TCS' award-winning energy and emission management solution with NYSERDA's generous cost-sharing incentive to shrink their carbon footprint, positively impact their communities, and save money on energy costs.

Commercial and industrial buildings account for more than one-third of global greenhouse gas emissions and consume 40% of the world's delivered energy. Their energy usage patterns have historically been difficult to manage. The emergence of new age technologies has changed all that.

TCS Clever Energy is a cloud-based solution that uses IoT, machine learning, AI, real time modelling, and deep data analytics to continuously monitor and analyze a building's energy performance data, helping organizations discern trends in their energy consumption. These insights drive decision-making and optimization strategies to unlock significant energy savings, reduce emissions, and improve sustainability.

TCS Clever Energy optimizes several key building functions to shrink a building's carbon footprint and reduce energy costs. Considering business needs as well as energy demand and cost, the platform addresses heating and cooling systems, manages emissions, and integrates sensors, meters, and assets across buildings.

NYSERDA assesses Real Time Energy Management services and solutions for their ability to 'successfully provide building owners, operators, and tenants with ways to monitor energy use, proactively provide continuous optimization, and deliver energy efficiency service.' After a rigorous vetting process, it determined that TCS Clever Energy is a high-quality system and services provider.

With this qualification, businesses that adopt TCS Clever Energy are eligible for the cost sharing incentive program offered by NYSERDA to drive adoption of qualified real time energy management technology. Eligible expenses include hardware, installation, and three years of ongoing support.

'New York State's energy agency qualification means businesses and New Yorkers can confidently lean on TCS Clever Energy to make buildings smarter and more sustainable,' said Regu Ayyaswamy, Global Head, IoT & Digital Engineering, TCS. 'From neighborhood bodegas to skyscrapers, TCS Clever Energy is a foundational solution for New York businesses that want to positively impact their communities, employees, and bottom lines with green, efficient buildings.'

A number of global enterprises are already using this solution to pursue their net-zero ambitions. Technology platform-agnostic, Clever Energy runs on Microsoft Azure IoT Platform and Amazon Web Services Cloud. To learn more, visit https://www.tcs.com/tcs-clever-energy-management-solution

About Tata Consultancy Services (TCS)

Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses in their transformation journeys for over 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent Agile delivery model, recognized as a benchmark of excellence in software development.

A part of the Tata group, India's largest multinational business group, TCS has over 592,000 of the world's best-trained consultants in 46 countries. The company generated consolidated revenues of US $25.7 billion in the fiscal year ended March 31, 2022, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com

TCS media contacts:

Asia Pacific

Email: wenjian.lin@tcs.com

Phone: +65 9695 9948

Australia and New Zealand

Email: Kelly.ryan@tcs.com

Phone: +61 422 989 682

Canada

Email: tiffany.fisher@tcs.com

Phone: +1 416 456 7650

Europe

Email: joost.galema@tcs.com

Phone: +31 615 903387

India

Email: vanshika.sood@tcs.com

Phone: +91 22 67789098

Email: saxena.kritika@tcs.com

Phone: +91 22 6778 9999

Middle East & Africa

Email: s.hasneen@tcs.com

Phone: +00971567471988

Japan

Email: douglas.foote@tcs.com

Phone: +81 80 2115 0989

Latin America

Email: alma.leal@tcs.com

Phone: +521 55 2095 6098

UK

Email: peter.devery@tcs.com

Phone: +44 20 3155 2421

USA

Email: james.sciales@tcs.com

Phone: +1 917 981 7651

(C) 2022 Electronic News Publishing, source ENP Newswire

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Financials
Sales 2023 2 195 B 28 044 M 28 044 M
Net income 2023 437 B 5 587 M 5 587 M
Net cash 2023 453 B 5 789 M 5 789 M
P/E ratio 2023 27,8x
Yield 2023 2,59%
Capitalization 12 050 B 154 B 154 B
EV / Sales 2023 5,28x
EV / Sales 2024 4,69x
Nbr of Employees 592 195
Free-Float 27,7%
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Average target price 3 837,44 INR
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Rajesh Gopinathan CEO, MD & Non-Independent Executive Director
Samir Seksaria Chief Financial Officer
Natarajan Chandrasekaran Non-Executive Chairman
K. Ananth Krishnan Chief Technology Officer
N. Ganapathy Subramaniam COO & Non-Independent Executive Director
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