Siemens bags order worth Rs 119 crore
Bhagyashree Vivarekar / 16 Feb 2017
Siemens Ltd has informed bourses today that it has won order worth Rs 119 crore from Sterlite Power Grid Ventures Ltd.
Siemens Ltd has informed bourses today that it has won order worth Rs 119 crore from Sterlite Power Grid Ventures Ltd. The company received the order for design, engineering, procurement, manufacture, supply and commissioning of equipment for 765/400kV air-insulated switchgear substation equipment at Khandwa (Madhya Pradesh) and 765kV bay extension equipment at Dhule (Maharashtra) for Khargone Transmission Ltd.
Further, on Feb. 10, 2017, the company bagged order worth Rs 101 crore from Delhi Transco Ltd.
The company recently announced its results for the quarter ended December 31, 2016. During the quarter, the company registered strong net profit growth of 43.7 per cent YoY to Rs 160 crore.
The company’s stock movement on the bourses remained sluggish for the day. It opened at Rs 1204.45 on the BSE and closed at Rs 1208.25.
Siemens Ltd is one of the leading producer of technologies for combined cycle turbines for power generation, power transmission and distribution solution, infrastructure solution for smart cities and transportation, automation and software solutions for industry and also supplier of healthcare equipments.