India’s biggest IT outsourcing company Tata Consultancy Services has been awarded a $16 million outsourcing contract by AGL Energy Ltd which is Australia's biggest integrated energy company. 
The contract is believed to be AGL’s effort to upgrade its IT and technological platform. This move, analysts believe will help AGL save $12 million a year for next five years. That’s $60 million in total. It will enable AGL restructure its workforce and considerably trim down the cost of operations in running out present information management systems.
AGL managing director Paul Anthony was quoted as saying by AAP told mediapersons,
"With this deal, we will save an estimated $12 million per year assisting us to reduce the number of full time employees engaged by AGL in IT support from more than 300 to about 20. This agreement will achieve a step change in efficiency gains, support our new integrated retail platform, and build competitive advantage in the use of information to derive superior service and products for our growing customer base. It (the Tata contract) will also enable the implementation of AGL's major IT change programme, which is estimated to save around $60 million a year once its new retail solution is fully implemented."
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