Telecom services firm Tech Mahindra Ltd has informed that it has secured a $250 million, from a US-based telecom services firm.

Under the 7-year contract, the company will provide all the managed services as well as the systems consolidation job for the US telecom company.

The company has also won a similar order but of a much smaller size from a Kuwait-based company. The order is valued at $10 million and has a 3-year-duration.

According to the company, the revenues from both contracts will start flowing in from the last quarter of the current financial year.

Tech Mahindra is a joint venture between India's automobile company Mahindra & Mahindra Ltd and the British Technology major BT Group.

ICICIdirect. com has maintained its outperformer rating on Tech Mahindra with a target price of Rs 898 in its September 1, 2008 research report. The stock closed today at Rs 796 on BSE.