Mumbai: Diversified firm Siemens Ltd on Tuesday said the company along with its Germany-based parent company - Siemens AG – has won a contract worth Rs2,956 crore from Qatar General Electricity & Water Corporation (QGEWC).
“A consortium of the company and Siemens AG, Germany, has won an order from Qatar General Electricity & Water Corp worth Rs2,956 crore,” Siemens Ltd said in a filing to the Bombay Stock Exchange (BSE).
“The contract value for the company is about Rs2,491 crore,” it further said.
The scope of work for this turnkey project includes design, engineering, supply, erection, civil and commissioning of 14 new sub-station, five modification sub-station and five cable diversions, the company said.
According to Siemens Ltd, the commissioning of project is scheduled to be completed in April 2013.
Siemens has presence in different areas including energy, healthcare and IT.
Shares of Siemens closed at Rs645.15, down by 0.98% from previous close on the BSE.