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Siemens Wins Contract from Maharashtra State Electricity Distribution Company

  • Siemens Limited has won a significant order worth around Rs.130 crores from the Maharashtra State Electricity Distribution Company Ltd. (MSEDCL) to modernize MSEDCL's electricity distribution management system. Apart from improving reliability of the distribution network and minimizing distribution losses, the solution is a major step forward towards Smart Grid.Siemens will manage the entire project in addition to the development, manufacture, implementation and commissioning of SCADA/DMS supervisory control centers for 8 cities under the Restructured Accelerated Power Development Reforms Program (R-APDRP) of Government of India. The project is scheduled to be commissioned by June 2013. The 8 cities are: Greater Mumbai, Pune, Nasik, Amravati, Malegaon, Sangli, Solapur and Kolhapur.The Siemens Ltd. stock closed the day at Rs.779.20, down by Rs.14.20 or 1.79%. The stock hit an intraday high of Rs.796 and low of Rs.765.30.The total traded quantity was 0.12 lakhs compared to 2 week average of 0.19 lakhs.

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