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Siemens rises on bagging order worth Rs 570 crore from PGCIL

28 Jun 2016 Evaluate

Siemens is currently trading at Rs. 1269.50, up by 15.20 points or 1.21% from its previous closing of Rs. 1254.30 on the BSE.

The scrip opened at Rs. 1268.55 and has touched a high and low of Rs. 1274.50 and Rs. 1267.10 respectively.

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. 969.00 on 29-Jan-2016.

Last one week high and low of the scrip stood at Rs. 1274.50 and Rs. 1215.05 respectively. The current market cap of the company is Rs. 45,209.47 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 13.95% and 11.05% respectively.

Siemens has won an order worth approximately Rs 570 crore to supply Static Synchronous Compensator (STATCOM) solutions to Power Grid Corporation of India (PGCIL). The scope of the order includes design, engineering, supply, civil, installation, testing and commissioning of STATCOMs at four substation locations of PGCIL at Ranchi, Rourkela, Kishenganj and Jeypore across the states of Bihar, Jharkhand and Odisha.

The 400 kV STATCOMs is being manufactured at Siemens’ manufacturing plant at Goa. With fast response time of STATCOM controls, power consumers will be benefitted in the form of constant grid voltage and frequency leading to availability of uninterrupted quality power.

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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