Siemens shines on rolling out 1,000th steam turbine from Vadodara factory

Siemens is currently trading at Rs. 1232.45, up by 3.15 points or 0.26% from its previous closing of Rs. 1229.30 on the BSE.

The scrip opened at Rs. 1230.00 and has touched a high and low of Rs. 1237.10 and Rs. 1225.00 respectively. So far 1672 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 1366.85 on 05-Jul-2019 and a 52 week low of Rs. 841.00 on 22-Oct-2018.

Last one week high and low of the scrip stood at Rs. 1256.00 and Rs. 1183.10 respectively. The current market cap of the company is Rs. 43980.85 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 13.88% and 11.12% respectively.

Siemens has rolled out 1,000th steam turbine from its factory in Vadodara in Gujarat. The 1,000th turbine is a 29-megawatt (MW) waste heat recovery steam turbine for JK Cement. Waste heat recovery is an economic method to increase the overall efficiency of the plant and, thus, lower fuel demand. The company’s steam turbine factory in Vadodara manufactures steam turbines of up to 200 MW for the domestic and overseas markets.

Siemens is a technology powerhouse that has stood for engineering excellence, innovation, quality and reliability. The company focuses on the areas of electrification, automation and digitalization.

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