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Siemens gains on implementing latest automation technologies for prestigious ‘Atal Tunnel’

01 Oct 2020 Evaluate

Siemens is currently trading at Rs. 1272.00, up by 7.20 points or 0.57% from its previous closing of Rs. 1264.80 on the BSE.

The scrip opened at Rs. 1266.00 and has touched a high and low of Rs. 1276.45 and Rs. 1258.95 respectively. So far 16707 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1716.55 on 23-Oct-2019 and a 52 week low of Rs. 947.00 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1284.80 and Rs. 1186.80 respectively. The current market cap of the company is Rs. 45334.11 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 14.29% and 10.71% respectively.

Siemens has partnered and implemented latest tunnel automation and digital technologies for the prestigious project. The total length of the tunnel located at ‘Rohtang Pass’ is 9.02 km and is at an elevation of 3,100 meters (10,000 feet), which makes it the world’s longest at this altitude.

Siemens’ technologies provide electrification, automation and digitalization solutions for local and remote monitoring, connectivity, lighting, ventilation, power distribution and fire safety systems within one of the world’s longest and highest altitude tunnels.

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.

Peers
Company Name CMP
Waaree Energies 2396.50
Apar Industries 18171.00
Havells India 1059.50
Suzlon Energy 38.35
Siemens 3804.45
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