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Siemens Pakistan Won Contract of $44.5 Million for Allama Iqbal Industrial City

admin-augaf by admin-augaf
July 7, 2023
in Business, Finance
Reading Time: 1 min read
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Islamabad July 7 2023: Siemens (Pakistan) Engineering (SIEM) consortium awarded multi-million dollar contract for construction of Grid Station at Allama Iqbal Idustrial City.

“We are pleased to inform that National Transmission & Despatch Company (NTDC) has awarded a contract to Siemens Consortium having an impact of approximately Rs. 12.3 billion (USD 44.5 million) on the Company’s new order value. The project involves construction of 500/132kV Grid Station at Allama Iqbal Industrial City/M-3 Faisalabad to meet the energy demand of upcoming Allama Iqbal Industrial City, Faisalabad” write company in its note.

Siemens (Pakistan) Engineering Co.Ltd was incorporated in Pakistan in 1953 as a public limited company. The Company is principally engaged in execution of projects under contracts and in manufacturing, installation and sale of electronic and electrical capital goods.

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