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Siemens Limited has been awarded a transformer package (TR40) by Power Grid Corporation of India for supply and installation of 500 MVA transformers at substations in Palakkad, Kolar, and Tuticorin. The contract is valued at INR 74.24 crore.
Siemens Limited (India) has completed the acquisition of a 99.22% stake in C&S Electric India from its former promoters for approximately Rs 2,100 crores (EUR 267 million). The deal closed on March 1, 2021.