The company bagged order worth approx Rs.113 crore from PGCB to design, procure, supply, install, test and commission 230/132kV Gas Insulated Switchgear Substation along with 225/300 MVA, 132/33 KV and 50/75 MVA Transformers at Keraniganj within Dhaka.
Siemens Ltd. announced that, together with Siemens Bangladesh Ltd., it has won an order worth approximately Rs. 113 crore from Power Grid Company of Bangladesh Limited (PGCB) to design, procure, supply, install, test and commission 230/132kV Gas Insulated Switchgear Substation along with 225/300 MVA, 132/33 KV and 50/75 MVA Transformers at Keraniganj within Dhaka.
“With the latest reliable 230kV and 132kV GIS solution from Siemens, PGCB will be able to ensure transmission grid stability and provide better service to consumers across Bangladesh,” said Dr. Harald Griem, Executive Vice President and Head, Energy Management Division, Siemens Ltd.
Stock commentary:
Siemens Ltd is currently trading at Rs. 1239.7, up by Rs. 32.6 or 2.7% from its previous closing of Rs. 1207.1 on the BSE.
The scrip opened at Rs. 1214.35 and has touched a high and low of Rs. 1245 and Rs. 1203.9 respectively. So far 339316(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 42987.28 crore.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1558 on 06-Aug-2015 and a 52 week low of Rs. 969 on 29-Jan-2016. Last one week high and low of the scrip stood at Rs. 1234 and Rs. 1197.25 respectively.
The promoters holding in the company stood at 75 % while Institutions and Non-Institutions held 13.95 % and 11.05 % respectively.
The stock is currently trading above its 200 DMA.
“With the latest reliable 230kV and 132kV GIS solution from Siemens, PGCB will be able to ensure transmission grid stability and provide better service to consumers across Bangladesh,” said Dr. Harald Griem, Executive Vice President and Head, Energy Management Division, Siemens Ltd.
Stock commentary:
Siemens Ltd is currently trading at Rs. 1239.7, up by Rs. 32.6 or 2.7% from its previous closing of Rs. 1207.1 on the BSE.
The scrip opened at Rs. 1214.35 and has touched a high and low of Rs. 1245 and Rs. 1203.9 respectively. So far 339316(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 42987.28 crore.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1558 on 06-Aug-2015 and a 52 week low of Rs. 969 on 29-Jan-2016. Last one week high and low of the scrip stood at Rs. 1234 and Rs. 1197.25 respectively.
The promoters holding in the company stood at 75 % while Institutions and Non-Institutions held 13.95 % and 11.05 % respectively.
The stock is currently trading above its 200 DMA.
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