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Siemens bags order worth Rs 317 crore from BGCL

13 Dec 2014 Evaluate

Siemens has won an order worth approximately Rs 317 crore from Bihar Grid Company (BGCL), a joint venture between Bihar State Power Holding Company and Power Grid Corporation of India (PGCIL). This is the company’s first GIS substation order from BGCL and also marks the establishment of the first 220 kV GIS in the state of Bihar.

Bihar Grid Company was formed by the Bihar Government in a joint venture with PGCIL, for strengthening and augmenting the transmission system in the State. It is expected that more than 6000 MW electricity will be available to the state from different sources by 2017. The state-wide transmission of this bulk power will require construction of new transmission grids, sub-stations and transmission lines of 400/220/132 kV levels.

Siemens is the flagship listed company of Siemens AG in India and is a major player in the electronics and electrical engineering business. Germany’s Siemens AG holds a 75 per cent stake in the company.

Peers
Company Name CMP
Waaree Energies 2396.50
Apar Industries 18171.00
Havells India 1059.50
Suzlon Energy 38.35
Siemens 3804.45
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