Siemens bag Rs 228 crore orders from Reliance Industries

Tags: News
Siemens Ltd has bagged orders worth Rs 228 crore from Reliance Industries for supplying steam turbine generation units to its Jamnagar refinery in Gujarat.

The orders are for supply of four steam turbine generation units.

"Reliance Industries is in the process of expansion of its J3 petrochemical complex at Jamnagar, Gujarat," Siemens Ltd, a diversified entity, said in a regulatory filing today.

The scope of work includes design, manufacture, supply and commissioning of steam turbine generation units, which would be manufactured at Siemen's Vadodara factory.

Shares of Siemens fell nearly three per cent to close at Rs 855.70 on the BSE.

EDITORIAL OF THE DAY

  • The talent to make things grow big must be rewarded without a ceiling

    Executive pay has always been a hotly debated topic, mainly because it involves a lot of money.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Roopen Roy

How leaders groom future leaders

As writer Tom Peters said, “Leaders do not create followers, ...

Rajgopal Nidamboor

Pluralistic essence of our being

Our new understanding of the mind through the rapidly expanding ...

Dharmendra Khandal

Have you spotted those wasps, yet?

Wasps are insects that ride on the monsoon winds. I ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture