Re: {LONGTERMINVESTORS} Siemens - thread

[RAJESH DESAI]

Siemens said it will amalgamate Siemens Power Engineering (SPEL) - a 100% Siemens AG Company with its energy sector. The share swap ratio for the proposed amalgamation is such that for every 13 equity shares of the face value of Rs 10 each of Siemens Power Engineering, Siemens will issue 6 equity shares of the face value of Rs 2 per each.

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CA. Rajesh Desai

[Rajesh Desai]

Siemens has inked pact with Mafoi Strategic Consultants to establish a division for vendor management. The company is planning to start the division’s work with vehicle-makers and their parts suppliers, in initial days. Through this initiative, the company will be tracking and rating the performance of vendors that supply to OEMs (original equipment manufacturers) and will help them perform better.

Mafoi has also made up software that will offer a weekly dashboard of vendor data. The dashboard keeps real-time track of what is happening at the vendor end and whether he is on schedule or not.

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CA. Rajesh Desai

[Rajesh Desai]

A consortium of Siemens AG and Siemens Ltd has received an orderworth Rs 271 crores from state-owned Rashtriya Ispat Nigam Ltd, the former said in a notification to the stock exchanges today.

 

The contract comprises renewal of furnace no. 2 at Rashtriya Ispat Nigam’s Vishakhapatnam plant in Andhra Pradesh.

 

Modernisation of the furnace will improve its inner volume to 3,850 cubic meters from 3,200 cubic meters and raise production capacity to 2.5 million tonne from 1.7 mln at present, said Siemens.

 

Rashtriya Ispat Nigam at present has three blast furnaces, two with an interior volume of 3,200 cu meters and one with an interior volume of 3,800 cu meters.

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CA. Rajesh Desai