TCS shares jump nearly 6% after expanding multi-million dollar ABB partnership; Nifty IT gains 4%

Shares of Tata Consultancy Services (TCS) rose as much as 6% in intraday trade on Monday after the IT services major announced an expanded, multi-million dollar, multi-year partnership with Swiss engineering and automation company ABB to manage its global network operations.

The stock was trading 5.7% higher at ₹2,187.50 in afternoon trade after climbing above the 6% mark earlier in the session. The rally also lifted the broader IT pack, with the Nifty IT index rising nearly 4%.

Other IT stocks also traded higher, with HCLTech up 5.05%, Tech Mahindra gaining 4.34%, Infosys rising 3.74%, and LTIMindtree advancing 3.56%.

According to an exchange filing, the expanded engagement marks the next phase of TCS’ two-decade partnership with ABB. Under the agreement, TCS will scale its role from managing infrastructure and applications to delivering end-to-end global network operations through an integrated network-as-a-service model.

The company said it will help ABB improve user experience, strengthen security and compliance, enhance operational efficiency and prepare its technology infrastructure for next-generation digital operations.

At the centre of the engagement is ABB’s Future Network Model programme, under which TCS will design, integrate and manage the company’s global network ecosystem as an AI-driven service while orchestrating its multi-vendor environment to deliver standardised operations worldwide, the company noted in the filing.

The programme will replace fragmented network environments with a secure, scalable and service-driven architecture, bringing together service integration and management (SIAM), a global network operations centre, advanced security capabilities, and modernised LAN, WAN and software-defined WAN systems. TCS will also enable end-to-end monitoring and orchestration across ABB’s network services.

“The Future Network Model represents an important milestone in reinforcing the digital foundation of ABB’s global operations. As our business evolves, it is critical to have an ecosystem that is resilient, secure, and aligned with long-term transformation goals. Our association with TCS reflects a shared focus on delivery excellence, continuous enhancement, and building capabilities that can support our strategic priorities,” Alec Joannou, Group CIO, ABB, said in the exchange filing.

Anupam Singhal, President, Manufacturing, TCS, said the partnership represents the next phase of a long-standing relationship between the two companies. “With AI embedded into the network operations model, supported by secure digital infrastructure and our deep domain expertise, we are bringing our ‘infrastructure to intelligence’ approach to build a resilient, intelligent network backbone. Through this engagement, we will enable network systems that can sense, adapt, and improve continuously, while strengthening reliability, security, user experience, and scale as ABB continues to advance as a future-ready enterprise,” Singhal said.