Siemens gains on bagging order for HVDC link from PGCIL

Siemens Ltd. | Electric Equipment | Capital Goods & Industrial Consumables | BSE: 500550 | NSE: SIEMENS

29 Mar 2017 Evaluate

Siemens is currently trading at Rs. 1263.45, up by 16.90 points or 1.36% from its previous closing of Rs. 1246.55 on the BSE.

The scrip opened at Rs. 1248.00 and has touched a high and low of Rs. 1265.00 and Rs. 1242.00 respectively. So far 111572 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. 1011.00 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 1265.00 and Rs. 1227.50 respectively. The current market cap of the company is Rs. 44977.99 crore.

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

A consortium of Siemens and Sumitomo Electric Industries has bagged an order from Power Grid Corporation of India (PGCIL) to supply a high voltage direct current (HVDC) transmission system. The total size of the order won by the consortium is $520 million, of which the share of Siemens is around Rs 1,682 crore.

Siemens will be supplying two converter stations with two parallel converters, each rated 1000 Megawatts (MW), using its VSC HVDC technology, while Sumitomo Electric will be responsible for XLPE HVDC cables in the DC circuit. The grid connection is scheduled to go into operation in the first half of 2020.

The Pugalur-Thrissur ±320 kilovolt (kV) HVDC system will connect Pugalur in the southern state of Tamil Nadu to Thrissur in Kerala State in South-West India. The about 200-kilometer-long HVDC connection will be India’s first direct current link using voltage sourced converter (VSC) technology.

The Siemens scope of supply for the turnkey project encompasses design, engineering, supply, installation as well as commissioning and major equipment supplies of the complete HVDC stations, including converter valves, transformers, cooling systems and control and protection technology.

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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