NEW DELHI: Siemens Ltd said it has won an order worth Rs 155 crore from Malaysia-based PSI International for supply of gas-insulated switchgear. "Siemens Ltd, together with Siemens Malaysia, announced that it has won a crucial order approximately worth Rs 155 crore from Malaysia-based PSI International, one of the largest petrochemical companies of the world and a subsidiary of Petronas," the company said in a statement. The scope of work for the project involves supply of 420kV gas-insulated switchgear for PSI Internationals new petrochemical (RAPID) greenfield project, it said. Siemens is a leading producers of energy-efficient, resource-saving technologies; combined cycle turbines for power generation; and power transmission solutions. Siemens is a pioneer in infrastructure solutions and automation and software solutions for industry.
The company’s stock was trading nearly 2.5 percent up at about Rs 1,002 on the BSE in the afternoon.
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