Tata Consultancy Services (TCS) announced that it has pocketed a 50 million Australian dollar deal from top Australian renewable energy firm AGL Energy Ltd.

The scope of the order is to offer up infrastructure management services for the next five (5) years.

Before this newly bagged contract, the country's leading IT exporter has been carrying out various innovative programmes that cover up innovative metering, gas trading, pricing engine and numerous sap projects.

Within the last 3 years, the TCS-AGL connection has developed into a 'Full Services Play' covering up consulting, execution, guarantee, outsourcing plus support.

More than 650 TCS consultants were rendering these engagements for the Australian renewable energy company.

As per reports, Tata Group is eyeing growth in the state of Karnataka, with novel projects of its group firms at different stages comprising the planned 100-acre TCS campus.

At 1:08 p. m., the stock of the company stood at Rs 920.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1006 and a low of Rs 573 on BSE.

Current EPS & P/E ratio stood at 37.67 and 24.44 respectively.