)
Siemens has moved higher by 2% at Rs 1,125 on NSE after winning orders worth of Rs 450 crore from Diesel Locomotive Works.
"The mobility division of Siemens has won three orders worth approximately Rs 450 crore from Varanasi-based Diesel Locomotive Works of Indian Railways for locomotive equipment," Siemens said in a statement.
"The mobility division of Siemens has won three orders worth approximately Rs 450 crore from Varanasi-based Diesel Locomotive Works of Indian Railways for locomotive equipment," Siemens said in a statement.
Siemens will supply and supervise the installation and commissioning of three-phase propulsion systems for Diesel Electric Locomotives – AC-AC traction systems (including locomotive controller) and three-phase Traction Motors, it added.
The stock opened at Rs 1,094 and touched a 52-week high of Rs 1,138 on NSE. A combined 301,591 shares changed hands on the counter till noon deals on NSE and BSE.
