New Delhi, April 27 -- India's largest IT services company, Tata Consultancy Services (TCS), on Monday, signed two memoranda of understanding (MoUs )with Siemens Energy AG and Siemens Energy India Limited to deepen collaboration across industrial AI, digital infrastructure, and data centre technologies.
The agreements aim to combine Siemens Energy's expertise in power generation, electrification, and grid technologies with TCS' capabilities in AI, data, and engineering to accelerate intelligent operations and next-generation industrial transformation. As part of the partnership, Siemens Energy India will support TCS's HyperVault initiative, focused on building AI-ready data centres, particularly addressing the high energy and reliability demands of such infrastructure in India.
Under the collaboration, TCS will continue as a preferred IT partner to Siemens Energy, working on building a secure, agile, and cost-optimised digital backbone. The partnership will also focus on deploying AI-led industrial solutions, including digital twins, predictive analytics, smart manufacturing, and integration of operational and information technology systems to improve productivity and operational performance.
The companies said the tie-up builds on a relationship spanning over two decades and will support Siemens Energy's efforts to scale digital innovation globally, while positioning India as a key hub for AI-led infrastructure development.
The announcement comes as TCS reported FY26 revenue of around $29 billion (Rs.2.4 lakh crore), with net profit at ~Rs.46,000 crore, reflecting steady year-on-year growth. The company also reported a total contract value (TCV) of ~$42 billion for the year, driven by large deals across AI, cloud, and digital engineering. Management indicated that a growing share of new deals now embed AI-led transformation, with GenAI and automation increasingly central to enterprise spending priorities.
Published by HT Digital Content Services with permission from TechCircle.