Stock in news: This heavy electrical equipment company receives a work order worth Rs 678 crore!

The share of the company gained over 15 per cent in just 6 months.

Siemens Limited informed in the exchange filing that Siemens consortium partners with Gujarat Metro Rail Corporation for advanced rail electrification technologies. Siemens Limited, as part of a consortium along with Rail Vikas Nigam Limited, received two separate orders from Gujarat Metro Rail Corporation Limited (GMRCL). Siemens Limited’s share as part of the consortium is Rs 678 crore. 

The orders are for Surat Metro Phase 1 (over 40 kilometres covering 38 stations and 2 depots) and Ahmedabad Metro Phase 2 (over 28 kilometres covering 23 stations and 1 depot). Siemens Limited will provide project management, and rail electrification technologies, including advanced power supply and distribution systems. In addition, Siemens Limited will also be providing advanced digital solutions such as Supervisory Control and Data Acquisition (SCADA) solutions for both metros. 

Siemens Limited offers products, integrated solutions for industrial applications for manufacturing industries, drives for process industries, intelligent infrastructure and buildings, and efficient and clean power generation including rail vehicles, rail automation and rail electrification systems. 

On Friday, the stock opened at Rs 3290, with a high and low of Rs 3297.35 and Rs 3241.05. The stock closed trading at Rs 3249.25, down by 0.67 per cent over its previous close of Rs 3271.05. The stock has a 52-week high of Rs 3400.00 and a 52-week low of Rs 2150.75.