Siemens, a leading technology enabled solutions provider, announced that it has won an order, together with Siemens Algeria, for approximately Rs 550 million.
This order is for supply of High Voltage Circuit Breakers from Comptoir Algerien du Materiel Electrique et Gazier (CAMEG Spa), a subsidiary of the Sonelgaz Group.
The high voltage circuit breakers will be installed in various substations across Algeria.
Shares of the company gained Rs 25.75, or 1.89%, to settle at Rs 1,387.65. The total volume of shares traded was 20,679 at the BSE (Thursday).