Siemens Signs Rs 104.40 Cr Contract With BSRM (Bangladesh Steels Re-Rolling Mills)

Siemens,GIS,BSRM

Siemens has inked a contract worth Rs 104.4 crore with Bangladesh Steels Re-Rolling Mills (BSRM), the largest steel manufacturing company in Bangladesh, to build a Gas Insulated Switchgear (GIS) substation. This is the first private sector-funded GIS substation project and has the largest order size in the GIS segment in Bangladesh. BSRM will be utilizing the GIS substation to provide uninterrupted power to its new 1 MTPA steel plant.

As an end-to-end solutions provider of power solutions, Siemens Energy Sector will be implementing the project on a turnkey basis. Together with the 230kV/33kV GIS, Siemens will also provide high-performance, reliable, cost-competitive and energy-efficient technologies such as control relay panels and a substation automation system. The project is expected to be commissioned in 15 months.

The Siemens Group in India has emerged as a leading inventor, innovator and implementer of leading-edge technology enabled solutions operating in the core business segments of Industry, Energy and Healthcare.

Meanwhile, Siemens shares are trading at Rs 475, up 0.42% on NSE with a volume of  125000 shares.

Disclaimer: Ventura Securities Ltd has taken due care and caution in compilation of data for its web blog. The information has been obtained from different sources which it considers reliable. However, Ventura Securities Ltd does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. Ventura Securities Ltd especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its web blog. The information provided herein is just for the knowledge purpose and shouldn’t be construed as investment advice under any circumstances.

 

3 comments

  • The article which you have posted is great. Your site provided for me much information.Thanks for sharing this information.

  • Siemens is doing quite well. Thanks for sharing this post. Informational.

  • Undeniably consider that that you said. Your favorite reason appeared to be at the net the easiest factor to be
    aware of. I say to you, I certainly get irked even as folks consider
    issues that they just do not understand about. You controlled
    to hit the nail upon the highest and defined out the entire thing with no need side-effects , other folks could take a signal.

    Will likely be again to get more. Thanks

Leave a Reply