Siemens has won an order, together with Siemens Algeria, for approximately Rs 55 crore for supply of High Voltage Circuit Breakers from Comptoir Algerien du Materiel Electrique et Gazier (CAMEG Spa), a subsidiary of the Sonelgaz Group (state-owned utility in charge of electricity and natural gas distribution company in Algeria). The High Voltage Circuit Breakers will be installed in various substations across Algeria.
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.