Siemens is currently trading at Rs. 479.95, up by 1.90 points or 0.40% from its previous closing of Rs. 478.05 on the BSE.
The scrip opened at Rs. 478.00 and has touched a high and low of Rs. 481.55 and Rs. 474.50 respectively. So far 2,570 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 749.95 on 04-Oct-2012 and a 52 week low of Rs. 414.05 on 03-Sep-2013.
Last one week high and low of the scrip stood at Rs. 486.90 and Rs. 468.10 respectively. The current market cap of the company is Rs. 17,091 crore.
The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 11.63% and 13.37% respectively.
Siemens, in consortium with Siemens AG, has received an order worth Rs 271 crore from the state-owned Rashtriya Input Nigam (RINL) to thoroughly modernize blast furnace No 2 at Visakhapatnam Steel Plant (Vizag Steel). Modernization will boost the furnace’s inner volume from 3,200 to 3,820 cubic meters and production increase from 1.7 million tonnes per annum (MTPA) to 2.5 MTPA.
Visakhapatnam Steel Plant, which was founded in 1990 on the coast of the Indian federal state of Andhra Pradesh, is an integrated steelworks with an annual capacity of around 6 3 million tonnes of crude iron. Modernization of the blast furnaces is part of an expansion project which is intended to boost annual pig iron production to 7.3 million tonnes.
Vizag Steel currently operates three blast furnaces, two with an interior volume of 3,200 cubic meters and one with interior volume of 3800-cubic meter. Blast furnace No. 2, which was constructed in 1992, has nominal annual capacity of 1.7 million tonnes of crude iron.
