Kolkata, Aug 6 - Software major Tata Consultancy Services (TCS) is eyeing a Rs.2,500-crore Indian Railways outsourcing contract, a top company official said here Thursday.

'CMC and we will certainly look at it very seriously, it needs lot of experience. We have done projects for the British and US railways,' TCS chief executive and managing director S. Ramadorai told reporters on the sidelines of a seminar organised by Calcutta Management Association.

CMC is another Tata group software company.

Incidentally, rival outsourcer Wipro is also eyeing the contract.

The railways ministry plans to procure a human resources management system and other modules for integrating and automating its payroll, accounting and pension functions.

Talking about the banking, financial services and insurance (BFSI) sector's performance after the slowdown, he said: 'BFSI has stabilized during the last quarter. Signs of bottoming out is visible as some of them have declared handsome results.'

TCS derives 44 percent of its revenues from the BFSI sector, Ramadorai said, adding that other deals in the pipeline were 'healthy'.