SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Siemens rises on plan to invest Euro 66 million for gas turbines near Berlin

15 Dec 2011 Evaluate

Siemens is currently trading at Rs 673.10, up by 3.65 points or 0.55% from its previous closing of Rs 669.45 on the BSE.

The scrip opened at Rs 678.90 and has touched a high and low of Rs 678.90 and Rs 660.35 respectively. So far 11659 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 951.00 on 26-Jul-2011 and a 52 week low of Rs 652.25 on 24-Nov-2011.

Last one week high and low of the scrip stood at Rs 716.00 and Rs 660.35 respectively. The current market cap of the company is Rs 22781.04 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 11.63% and 13.37% respectively. 

In a bid to build a combustion test centre for gas turbines near Berlin, Siemens is investing Euro 66 million. The projected test center will begin operation in 2014. It will have three cells for investigating combustion processes of burners under real-life operating conditions.

Further, the company has said that center of competence in Berlin Moabit and a recently commissioned production facility in Charlotte, North Carolina, form the basis of the global manufacturing, sales and service network for Siemens gas turbines.

The importance of the Berlin site is reflected by Siemens’ decision to invest more than Euro 70 million there in three major modernization programmes. The company has renovated its test facility in Berlin-Moabit, in which fully assembled gas turbines are tested under actual power plant conditions.

The company has installed a new drilling station for gas turbine casing parts and also established a new production shop for gas turbine blades. In fiscal 2011, Siemens’ environmental portfolio totaled revenue of about Euro 30 billion.

Siemens Share Price

3746.80 37.20 (1.00%)
21-Apr-2026 12:29 View Price Chart
Peers
Company Name CMP
Havells India 1327.40
Siemens 3746.80
Apar Inds 12041.00
ABB India 7263.50
Waaree Energies 3508.65
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×