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Siemens surges on plan to modernize power distribution in 3 states

18 Aug 2015 Evaluate

Siemens is currently trading at Rs. 1450.55, up by 17.35 points or 1.21% from its previous closing of Rs. 1433.20 on the BSE.

The scrip opened at Rs. 1450.00 and has touched a high and low of Rs. 1454.00 and Rs. 1436.55 respectively. So far 10369 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1558.00 on 06-Aug-2015 and a 52 week low of Rs. 770.00 on 16-Oct-2014.

Last one week high and low of the scrip stood at Rs. 1503.00 and Rs. 1394.30 respectively. The current market cap of the company is Rs. 51530.59 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 14.00% and 11.00% respectively.

Siemens is modernizing electricity distribution network in three states - Punjab, Uttarakhand and Haryana - with Smart Grid solutions at a total cost of Rs 75 crore. As part of the modernisation, the company will implement its Spectrum Power network control system and equip the grid with SCADA/DMS functions (Supervisory Control and Data Acquisition/Distribution Management System) for monitoring and control.

The company is modernizing power distribution grids of Amritsar, Jalandhar, Ludhiana, Dehradun, and Faridabad in northern. The company will execute the project for three utility providers - Punjab State Power Corporation, Uttarakhand Power Corporation, and Dakshin Haryana Bijli Vitran Nigam. The objective of this project is to improve quality and availability of power supply to residents and reduce the downtime in the event of a blackout in the entire grid.

Siemens is a technology powerhouse that has stood for engineering excellence, innovation, quality and reliability. The company focuses on the areas of electrification, automation and digitalization. It is one of the leading producers of energy-efficient, resource-saving technologies; combined cycle turbines for power generation; and power transmission solutions.

 

Siemens Share Price

3823.90 -47.15 (-1.22%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Havells India 1255.50
Siemens 3823.90
Apar Inds 12808.00
ABB India 7009.05
Waaree Energies 3229.35
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