Siemens Ltd today 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 International’s 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 per cent up at about Rs 1,002 on the BSE in the afternoon.