support@headlinenews360.com
Siemens Shares: Engineering company Siemens shares took a lead of up to 3 percent on Tuesday. On the Bombay Stock Exchange (BSE), the company’s shares rose by 2.85 percent to the Intrade High of Rs 3,364. By 11:36 am, Siemens shares were trading at 3,358 per share on BSE by 2.66 % on BSE. In comparison, the BSE Sensex was down by 0.33 percent at 81,523.28.
Company gets an order of 4000 crores
The company has a big order behind this boom in the shares. In fact, Dineshchandra R. Aggarwal Infrakon, Siemens Limited (India) and Siemens Mobility GMBH (Germany) Consortium has received a large order of about Rs 4,100 crore from National High-Speed Rail Corporation Limited (NHSRCL)- which is a bullet train project working agency in India. Siemens alone in this is Rs 1,230 crore.
Under this order, the company will have to handle design, installation, maintenance based on European Train Control System (ETCs) Level 2 for the Mumbai-Ahmedabad High Speed Railway Corridor. This project is to be completed in 54 months, while the responsibility of maintenance will be up to 15 years. ETCS Level-2 is a singing standard certified at Glove level, which is used in more than 50 countries.
What is ETCS Level 2 Technology?
With the help of ETCS Level 2 technology, the train will run at a speed of 350 kmph. Along with this, it will also facilitate real time supervision, communication, centralized traffic management. This initiative is in line with India’s National Rail Plan 2030, which aims to upgrade railway infrastructure.
The company’s market capitalization stood at Rs 1,19,585.27 crore. The 52-week highest level of Siemens stock was Rs 4,772.28 per share, while the 52-week low was 2,490 per share.
Also read:
Government ready to sell its stake in these 5 banks, amazing boom in shares; Buying competition
(tagstotranslate) nhsrcl
Source link
