Siemens has bagged a significant order worth around Rs 130 crore from Maharashtra State Electricity Distribution Company (MSEDCL) to modernize latter’s electricity distribution management system. Apart from improving reliability of the distribution network and minimizing distribution losses, the solution is a major step towards Smart Grid. The project is scheduled to be commissioned by June 2013.
The company would be managing the entire project in addition to the development, manufacture, and implementation and commissioning of SCADA/DMS supervisory control centers for eight cities under the restructured Accelerated Power Development Reform Program (R-APDRP) of Government of India. The eight cities are Greater Mumbai, Pune, Nashik, Amravati, Melagaon, Sangli, Solapur and Kolhapur.
The company has posted a fall of 70.30% in its net profit of Rs 70.72 crore for the quarter ended December 31, 2011 as compared to Rs 238.09 crore for the same quarter in the previous year. Total income has decreased by 7.11% from Rs 2580.39 crore for Q3FY11 to Rs 2396.87 crore in the quarter under review.
Company Name | CMP |
---|---|
Havells India | 1657.35 |
Siemens | 6867.05 |
Apar Inds | 9934.25 |
Waaree Energies | 2877.90 |
ABB India | 6923.80 |
View more.. |