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Siemens gains on winning Rs 144 crore overseas orders

The projects involve installing new and improving existing distribution facilities in the rural region west of Jamuna river.

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SI Reporter Mumbai
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.
 

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First Published: Aug 20 2013 | 11:19 AM IST

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