05 August 2016 Current Affairs: Engineering major Siemens Ltd has received an order worth approximately Rs 217 crore for Power Grid Company of Bangladesh Limited (PGCB) project from its parent company Siemens AG, Germany, to supply 400 kV/230 kV switch yard equipment, reactors, power transformers, fire fighting systems, air-conditioning systems, auxiliary power system, building management systems, illumination systems, AC control and protections, engineering for civil and plant for 500 MW high voltage direct current (HVDC) station.
The prestigious project is a part of India Bangladesh agreement for power exchange as per South Asia Sub Regional Economic Co-operation (SASEC) by Asian Development Bank (ADB). Siemens is proud to continue providing state of art transmission and distribution technologies to Bangladesh building up the knowledge locally and boosting the power capacity of Bangladesh.
Siemens Limited is one of the leading producers of technologies for combined cycle turbines for power generation; power transmission and distribution solutions; infrastructure solutions for smart cities and transportation; automation and software solutions for industry, and also supplier of healthcare equipment.
As of September 30, 2015, Siemens Limited, a flagship company of Siemens AG in India that has 22 factories located across the country, had revenue of Rs 10,672.8 crore.