S&S Power Switchgears Lands Order Exceeding ₹8 Crores from Siemens Energy India
S&S Power Switchgear Equipment Limited (SSPSE), a wholly-owned subsidiary of S&S Power Switchgear Limited, has secured a significant purchase order valued at more than ₹8 Crores. The contract involves supplying isolators for the KCC Wagdari package in the Maharashtra project, awarded by Siemens Energy India Ltd.This major business development marks a strengthening of the partnership between S&S Power and Siemens. The company is expected to execute this contract during the next financial year.
The order details confirm that the awarding entity is a domestic firm, and the scope of work involves the supply of specialized isolators for the specified project. As part of the agreement, there are no reported interests from the promoter or promoter group in Siemens Energy India Limited, and the transaction does not fall under related party transactions.
Key operational details regarding this new contract are summarized below:
| Particulars | Details |
|---|---|
| Awarding Entity Name | Siemens Energy India Limited |
| Nature of Order | Supply of isolators for KCC Wagdari package, Maharashtra project |
| Contract Value | Over ₹8 Crores |
| Execution Period | Next financial year |
| Entity Type | Domestic Entity |
S&SPOWER Stock Price Movement
Shares of S&S Power Switchgears Limited are edging higher to ₹350 as of 12:17 PM today, surging by 1.55% amidst the live market trading session. The stock trades within a tight intraday range established between ₹344 and the high of ₹358.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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