Siemens India bags $900 million Qatar power deal
The project, which entails installation of power transmission lines has been given by Qatar's ministry for electricity and water distribution, reports M Rajendran.india Updated: Nov 22, 2006 19:21 IST
In the face of intense international competition, a consortium of Siemens India Ltd and its German parent, in which the Indian unit holds 90 per cent, has bagged a record of Rs 4,000 crore order for a comprehensive turnkey project.
The project, which entails installation of power transmission lines has been given by Qatar's ministry for electricity and water distribution.
The contract, scheduled for completion by February 2009, is considered by industry officials to be an indication of increased confidence of the Global giant in its Indian unit.
This is the biggest order won so far by the either PTT Germany, the power transmission division of Siemens' German unit or its Indian counterpart. The consortium bagged the contract beating major international players in the transmission and distribution equipment business.
Anil Kamath, vice-president in Siemens India's power and transmission business, told Hindustan Times that the contract was of critical significance.
"It is a major breakthrough for India as it brings the Indian unit into the limelight in the world stage," Kamath said.
He said this was the third instance where the 90-10 consortium with the Indian unit in the lead had bagged an order from Kharamma, the local name for the Qatar ministry. But the earlier two orders were worth only a few hundred crores of rupees each, Kamath said.
Under the contract, the Indian unit would supply control and relay panels, which are electronic components in power transmission and distribution units. Kamath informed that the contract involves supply, erection, installation and commissioning of power transmission and distribution systems.
The contract order also includes the delivery of 25 turnkey sub-stations, expansion of 14 existing sub-stations and the modification of eight existing and 17 more sub-stations.
"The execution of the project would be completed within 22 months and the control and relay panels will be manufactured at our manufacturing units in Kalwa and Nashik," Kamath added.