SIEMENS

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Largest contract ever for SIEMENS

Siemens Ltd has announced that a consortium of the Company and Siemens AG, Germany has been awarded a mega contract worth Rs 40,000 million by the Qatar General Electricity and Water Corporation (KAHRAMAA) for development of Phase VII of the Electrical Grid in Qatar. This contract, also the largest ever for the Company, is a repeat order from the same customer. During the last fiscal, Siemens has bagged two contracts amounting to Rs 26,000 million (Rs 2,600 crore) in Qatar. Of these contracts, the Company has already commissioned Phase V and is currently executing Phase VI, which is on schedule.

The scope of the Mega contract is to supply 25 new substations of voltages 220kV/132kV/66kV in addition to extension of 14 substations and renovation of 10 substations. All Substations would be installed with cutting-edge electrical power equipments and Substation Automation systems supplied in-house by Siemens. These stations will be unmanned and controlled by the central load dispatch centre. This order is a fast track project and is slated to be completed in a time span of 22 months.

Mr J Schubert, Managing Director of Siemens Ltd stated, "This export order, the largest in Siemens PTD Worldwide, highlights the inherent strengths and capabilities of Siemens India. Over the years, we have understood our customer's needs, as well as the specific regional requirements. With this approach, we have been able to earn Customer confidence and loyalty, which is strongly backed by the quality and performance of our products and solutions." He also added, "We are once again very happy to partner with Kahramaa in development of Qatar Transmission Network. This win undoubtedly takes us into the global league as a strong and established player in the area of Transmission and Distribution."

Mr Harminder Singh, Director, Siemens Ltd and Head of Power business in India said, "This order, won by the Siemens consortium is a result of intense co-operation between all constituents. While Siemens India, Power Transmission and Distribution Division will play a major role in the execution of the order, we have Specialists and Managers from all over the world working seamlessly together in teams to ensure that project runs completely on schedule, without any compromises. We are very proud that we have been able to bag the biggest order for Siemens PTD worldwide, as well as for Siemens in India. With this mega contract, Siemens continues to maintain its leadership position in the market against some stiff global competition."

Siemens Power Transmission and Distribution Division in India provides products, systems and solutions in the area of medium-voltage and high-voltage switchgear, medium voltage switchboards, high voltage substations, production system, substation automation and power system control and energy management systems.

The Contract Value for Siemens Ltd is Rs 36,000 Million. This order is a fast track project and is slated to be completed in a time span of 22 months.

TATA lands in top 20

Eight Indian business houses have made to the Forbes list of world's most reputed companies, with the country's largest corporate conglomerate Tata group sharing space with the top 20 global firms.
Tatas, the largest Indian group in terms of revenues and market capitalisation, has been ranked at the 20th position among the most reputed company list of Forbes.
Maruti Suzuki, Hero Honda Motors, HLL, ITC, SBI, Infosys and M&M have also managed to find place in the top 200 list.
Italian Food and Tobacco major Barilla Holdings has been ranked at the first position, followed by Denmark's consumer products firm Lego Holdings and German airline Lufthansa at the second and third positions.
Among other Indian companies, Maruti has been ranked at 91st position, Hero Honda Motors at 108th, FMCG major HLL at 116th, ITC and 137th, IT major Infosys at 155th and automotive giant Mahindra & Mahindra has been placed at 189th position.
Tata is the only Indian entity in the top 20 of the list of world's 600 largest companies in terms of corporate reputation.
The Tata group has more than over 90 operating companies, with strong international presence in Automobile, steel, IT and services sectors, with total revenue of $24 billion and a market capitalisation of $47 billion.
courtesy:- economics times

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