Siemens bags order worth Rs 127 crores

by khalid on 07/12/2010 · 0 comments

Siemens Ltd has informed the share market (BSE) that the company has bagged order worth Rs 127 crores from Jaypee Sports International (JPSI). This order is for developing India’s first Formula1 race track at Noida. The company will supply, install, design and commission special electronics package, including setting up of race control management system, video surveillance of racetrack and video storage. Additionally, Siemens will also provide the complete IT backbone (VoIP and data network), information displays and media distribution system for media center for this project. The project is scheduled to complete by Aug 2011.

Siemens has good experience of similar work and executed similar F1 projects in the past at Bahrain, Abu Dhabi, Istanbul and Malaysia. Siemens Limited is world`s leading supplier of a complete spectrum of products, services and solutions for the generation, transmission and distribution of power for extraction, conversion and transport of oil and gas.

Share’s Data :-
BSE Code : 500550
Mkt. Cap: Rs 26,512.35 Crores
Siemens Ltd. share’s CMP is Rs 786.25 on 7th Dec 2010.

Stay tuned to BelltheBull Blog for more on Siemens Ltd order book !

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