Siemens zooms on inking pact with MG Motor India
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Siemens is currently trading at Rs. 2337.70, up by 55.80 points or 2.45% from its previous closing of Rs. 2281.90 on the BSE.
The scrip opened at Rs. 2282.10 and has touched a high and low of Rs. 2351.30 and Rs. 2282.10 respectively. So far 2442 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2577.45 on 13-Dec-2021 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. 2440.00 and Rs. 2270.00 respectively. The current market cap of the company is Rs. 83079.29 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 15.00% and 10.00% respectively.
MG Motor India has partnered with Siemens to leverage cutting-edge digital technologies to increase productivity, save energy and cost and reduce emissions in its operations. Under the partnership, the two firms will collaborate to develop innovative digital solutions to conserve energy and build a sustainable future.
MG will use Siemens' MindSphere and Plant Simulation software as a closed-loop digital twin. These can connect plant assets and processes and provide insights into more streamlined paint processes, resulting in a 15 percent increase in the future pre-treatment and electro-coating paint process.
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.
