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Shares of Siemens up after $26 million contract
The contract is to modernise the electricity distribution system in Maharashtra
Shares of Siemens Ltd , the Indian unit of Siemens AG , were trading higher on Tuesday, a day after the company said it received an order worth 1.3 billion rupees.
[caption id="attachment_235610" align="alignleft" width="380" caption="Photo courtesy: Seimens India Ltd"]
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The contract was to modernise the electricity distribution system in the western Indian state of Maharashtra.
At 10:05 am, the company's shares were up 2.6 percent at 786.40 rupees.
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Reuters
First Published:Mar 06, 2012, 11:31:20 IST
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