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Siemens gains on bagging order worth Rs 366 crore from ONGC

25 Jan 2017 Evaluate

Siemens is currently trading at Rs. 1172.00, up by 8.75 points or 0.75% from its previous closing of Rs. 1163.25 on the BSE.

The scrip opened at Rs. 1180.00 and has touched a high and low of Rs. 1180.00 and Rs. 1170.10 respectively. So far 1,807 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1355.40 on 25-Jul-2016 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. 1198.00 and Rs. 1147.55 respectively. The current market cap of the company is Rs. 41,737.00 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 14.17% and 10.83% respectively.

Siemens has bagged an order worth approximately Rs 366 crore from Oil and Natural Gas Corporation (ONGC). The order includes supply of material for overhauling of 18 Power Turbines through Zero Hour Overhaul and Time Continued Overhaul.

The Zero Hour Overhauling will be first of its kind in India and involves the overhaul of Power Turbines to zero hour status. Traditionally, ONGC Power Turbines are undergoing a Time Continued Overhaul where after overhauling the Power Turbines can run for another 50,000 hour before the next overhaul. Under the new concept of Zero Hour Overhaul, the Power Turbine will perform almost as new - capable of a safe run of another 100,000 hours before the next overhaul. This will help in reducing down-time and increase in productivity because of elimination of at-least one intermediate overhaul.

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

3560.50 -40.10 (-1.11%)
01-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
Havells India 1188.40
Siemens 3560.50
Apar Industries 14601.95
ABB India 6939.85
Waaree Energies 2877.75
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