The project is a part of India-Bangladesh agreement for power exchange according to SASEC by ADB
The order is for supply of STATCOMs at four substation locations of Power Grid
The stock up 3% at Rs 1,239 after the company won an order worth Rs 113 crore from Power Grid Company of Bangladesh (PGCB).
Order book expansion after a long gap, and sustained growth, will provide support to the stock
Net orders rose 10.5% at Rs 2,939 cr
The German engineering giant move is in order to improve competitiveness.
Good to sell health-care, which made 10% of revenue but its margins were a drag on core
The company plans to divest its healthcare business to a subsidiary of its parent Siemens AG