Siemens bags order worth Rs 287.70 crore from Power Grid

19 Aug 2011 Evaluate

Siemens with Siemens AG, Germany has been awarded a contract worth Rs 287.70 crore by Power Grid Company, of Bangladesh on a turnkey basis for supply of equipment for the 500 MW back to back HVDC project set up at Bheramara in Bangladesh.

This project is being set up under India-Bangladesh Power exchange program and is being funded by ADB. This is the first HVDC project to be excited in Bangladesh. The project is scheduled to be completed within 24 months.

Siemens’ net profit for the quarter declined by 0.86% at Rs 154.78 crore whereas the same was at Rs 156.12 crore for the quarter ended June 30, 2010. Its total Income registered growth of 24.59% at Rs 2798.87 crore for the quarter under review whereas the same was at Rs 2246.40 crore for the corresponding quarter of the previous year.

Siemens Share Price

6867.05 -766.00 (-10.04%)
20-Dec-2024 16:59 View Price Chart
Peers
Company Name CMP
Havells India 1657.35
Siemens 6867.05
Apar Inds 9934.25
Waaree Energies 2877.90
ABB India 6923.80
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt. Ltd.