Siemens is trading higher by 2% at Rs 441 after the company said it has won two contracts aggregating Rs 144 crore from the Rural Electrification Board, Bangladesh to construct 38 new 33/11kV substations.
The projects are funded by Japan Bank for International Cooperation Agency (JICA) and are to be delivered on a turnkey basis, the statement said, adding that the plants would be located in the Rajshahi Barisal zones in western Bangladesh, Siemens said in a regulatory filing.
The projects involve installing new and improving existing distribution facilities in the rural region west of Jamuna river.
The stock opened at Rs 436 and hit a high of Rs 443 on BSE. A combined 89,286 shares change hands on the counter so far on BSE and NSE.
The projects are funded by Japan Bank for International Cooperation Agency (JICA) and are to be delivered on a turnkey basis, the statement said, adding that the plants would be located in the Rajshahi Barisal zones in western Bangladesh, Siemens said in a regulatory filing.
The projects involve installing new and improving existing distribution facilities in the rural region west of Jamuna river.
The stock opened at Rs 436 and hit a high of Rs 443 on BSE. A combined 89,286 shares change hands on the counter so far on BSE and NSE.
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