Newsletter
1. TCS rings up a ₹2,903 cr BSNL deal 📶
Tata Consultancy Services (TCS) secured an add-on Advance Purchase Order (APO) worth ₹2,903 crore from BSNL to further build out the telecom operator’s 4G mobile network across the country.
The deets: the APO covers planning, supply, installation, testing, and maintenance for BSNL’s 4G rollout across 18,685 sites. Alongside, Tejas Networks, a TCS group company, will supply Radio Access Network (RAN) equipment and services worth ₹1,525 crore, indicating a coordinated hardware-software push.
Why TCS for BSNL: TCS is already leading the charge in BSNL’s mega ₹15,000 crore 4G and data centre project, with this new order adding momentum.
The company has already completed 70% of its current BSNL contract, and this latest tranche will help keep the revenue wheels spinning, especially as earlier project revenues begin to taper.
2. Biocon gets Japan nod for arthritis biosimilar 🇯🇵
Biocon Biologics gained 2% after the company received approval from Japan’s health regulator for Ustekinumab BS, its biosimilar drug used to treat skin and joint inflammation.
The deets: the approval is for a subcutaneous injection basically, a shot under the skin used to treat two common immune-related conditions:
- Psoriasis vulgaris: a chronic skin condition that causes itchy, scaly patches.
- Psoriatic arthritis: a painful joint condition that affects people who already have psoriasis.
Why it matters: this drug will be Biocon’s first biosimilar approved in Japan, one of the world’s largest and most regulated pharma markets.
3. Patel powers up in the Northeast 🌪️
Patel Engineering bagged a ₹711 Cr hydropower deal in Arunachal.
The deets: the contract is from North Eastern Electric Power Corporation (NEEPCO) for a 240 MW hydropower project in Arunachal Pradesh.
240 MW hydropower is enough power to light up roughly 2.5–3 lakh Indian homes.
Hydropower works by using the force of flowing water to spin turbines, which then generate electricity which means it is clean, efficient, and renewable.
The project, located in the Shi Yomi district, is part of the HEO hydropower project and includes civil construction, hydro-mechanical works, and full system commissioning.
Zoom out: India is pushing hard on hydropower to balance its clean energy mix. The country currently has around 47 GW of installed hydro capacity, but the target is far higher, with room for over 100 GW+.
