CorporateSiemens bags Rs 403 cr contract from Qatar-based firm
Diversified firm Siemens today said the company, in consortium with Siemens AG, has bagged an order worth Rs 403 crore from Qatar-based Ezdan Real Estate QSC for power related works.
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The scope of project includes designing, engineering and installation of power substations at the Ezdan International Housing Project, Siemens said in a filing to the Bombay Stock Exchange.
"We have been focusing on leveraging emerging opportunities in the high growth Gulf market and this order is a testimony to our successful track record in this region," Siemens Energy Sector CEO A K Dixit said.
Under the contract, Siemens"s would be Rs 342 crore from the project while Siemens AG"s share would come out to be Rs 61 crore, the filing said.
The housing project is scheduled to be commissioned by January 2011, the filing added.
Shares of Siemens today closed at Rs 586.05 on BSE, up 5.55 per cent from the previous close.