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Siemens bags Rs 78 crore order from Power Grid Corp of India

Siemens has won an order worth around Rs 78 crore from the state-run Power Grid Corporation of IndiaBSE -1.36 % (PGCIL) for enengineering, procurement and construction project at Bhuj in Gujarat, the Indian arm of the German engineering major said in a statement. "The project will boost the power handling capacity of Power Grid Corporation of India and create safe, reliable transmission infrastructure in western India. The project also promotes environment protection as these Transformers will transmit power generated from renewable sources," said Harald Griem, Executive Vice President and Head, Energy Management Division, Siemens LtdBSE 0.20 %.

On Monday. Shares of Siemens closed at Rs 1245.55 on the Bombay Stock Exchange, up 0.2 per cent from previous close.