Siemens closed at Rs 571, down by 2.5% or Rs 14 on the BSE. The stock opened at Rs 590 and touched a high of Rs 605 and a low of Rs 565 during the day. A total of 272,659 shares were traded on the BSE as against the 2-week average of 109,271 shares.
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(Updated at 1041 hrs)
Siemens is going strong on the BSE after having bagged an overseas order worth Rs 403 crore. The stock is currently trading up 3.1% at Rs 604. It had opened at Rs 590 and has touched a high of Rs 605 and a low of Rs 590 in today's trade.
A consortium of Siemens and parent Siemens AG has won an export order from Ezdab Real Estate QSC, Doha in Qatar for setting up 220/66 kilovolt (KV) and three 66/11 KV substations at Ezdan international housing project in Qatar.
The project work involves designing, engineering, installation and commissioning of substations and associated electrical network.
The contract value for Siemens is Rs 342 crore and Siemens AG is Rs 61 crore. The project will be commissioned by January 2011.