Siemens trades in green on inking MoU with Tata Power Delhi Distribution
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
Siemens is currently trading at Rs. 2687.00, up by 10.65 points or 0.40% from its previous closing of Rs. 2676.35 on the BSE.
The scrip opened at Rs. 2700.00 and has touched a high and low of Rs. 2725.00 and Rs. 2661.55 respectively. So far 55250 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2812.80 on 21-Jul-2022 and a 52 week low of Rs. 1919.50 on 28-Jul-2021.
Last one week high and low of the scrip stood at Rs. 2812.80 and Rs. 2659.25 respectively. The current market cap of the company is Rs. 95796.35 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 15.07% and 9.93% respectively.
Siemens has inked a Memorandum of Understanding (MoU) with Tata Power Delhi Distribution, a pioneering power distribution utility, supplying electricity to a populace of over 7 million in North Delhi. This partnership will cater to the training needs of the power distribution personnel, bringing together the expertise and resources of two pioneers for the overall benefit of the sector. It will also cater to reforms in India as well as in other countries and help in creating a pool of qualified and skilled workforce.
As part of the MoU, Tata Power Delhi Distribution and Siemens will deliver trainings related to various power distribution equipment and technologies. These programs will also include effective execution, practical applications, real-life usage, setting up & maintenance of electrical networks. Through self-paced learning modules or instructor-led sessions, the companies will jointly work towards providing a hands-on experience with the latest technologies. Under this capacity-building training program designed specifically for discoms, Siemens India will act as the technical guidance partner for Tata Power Delhi Distribution and help in promoting the best practices.
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.
