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Siemens India wins order worth Rs1.12bn

This article was posted on Jun 22, 2009 and is filed under Stock News

Siemens Ltd. said on Monday that it has bagged a significant repeat order from Vedanta Aluminium Ltd. (VAL) to provide high voltage power distribution systems for the second phase of expansion of their Jharsuguda, smelter plant at Orissa.

The Rs1.12bn power augmentation package for Phase II will increase the capacity of the smelter plant from 0.5mn tons per annum to 1.75mn tons per annum- thus Vedanta’s domestic production of aluminium ingots would be three fold fro the plant.

Siemens’ Industry Solutions (IS) division, part of its Industry Sector has bagged a turnkey order worth Rs1.12bn from Vedanta Aluminium Ltd (VAL). The scope of work includes design, engineering, supply, installation, testing and commissioning of 33kV and 11kV electrical distribution system. The power and distribution transformers, along with high voltage VCB panels, SCADA systems, DC distribution, cabling and other auxiliaries will be supplied by Siemens. The time frame for the execution of the project is 18 months and is scheduled to be commissioned by 2010.

This order forms part of Vedanta Aluminium’s expansion project at Jharsuguda for Rs12bn, which currently is in its second phase of implementation. The aluminium industry in India is the fastest growing sector among all metals. Upon completion, this Vendanta plant Jharsuguda is expected to be Asia’s largest and among the top 5 integrated producers of aluminium worldwide.

Reflecting on the order, M Siddiqi, Whole Time Director and CEO, Vedanta Aluminium Ltd. said,” The expansion at the Jharsuguda plant is an Important part in our growth strategy and it is our endeavor to make it one of the best aluminium plants in the world. We have chosen to extend our partnership with Siemens for our second phase of expansion, as they have demonstrated exceptional capabilities with their global technological expertise in the power sector. We are confident that Siemens will continue to bring tremendous value and we will be successful in our endeavor.”

Robert Wagner, Executive Vice President, Industry Solutions, Siemens Ltd said, “We are happy to receive a repeat order from Vedanta Aluminium, which reiterates the customer’s confidence in our high-end technology and solutions. We remain totally focused on making our customers more efficient and competitive through our comprehensive technology offerings, worldwide experience and unparalleled domain expertise.”

The Siemens Industry Solutions (IS) division is a part of the Industry Sector of Siemens Ltd. This division is the integrator of systems and solutions for industrial and infrastructure facilities, and is a global service provider for the plant and projects business covering planning, installation, operation and the entire life cycle. IS uses its own products, systems and process technologies in order to enhance productivity and improve competitiveness of companies in the sectors of metallurgy, water treatment, cement, pulp and paper, marine, mining, infrastructure and industrial services.”

source: Indiainfoline

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