In accordance with Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of PSX Regulations, we hereby convey the following information:
"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."
Yours Sincerly,
Siemens (Pakistan) Engineering Co. Limited
________________________
Khurram Muhammad Siddique Company Secretary
The Director / HOD
Surveillance, Supervision and Enforcement Department Securities and Exchange Commission of Pakistan NIC Building, 63 Jinnah Avenue, Blue Area Islamabad
Siemens Pakistan Engineering Co Ltd. published this content on 07 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 July 2023 06:22:15 UTC.
Siemens (Pakistan) Engineering Co. Ltd. is a Pakistan-based company, which is focused on the areas of intelligent infrastructure for buildings and distributed energy systems, smart grids and smart buildings, automation and digitalization in the process and manufacturing and power generation and distribution. The Companyâs segments include Smart Infrastructure, Digital Industries and Energy. The Smart Infrastructure segment connects energy systems, buildings, and industries to enhance the live and work through efficiency and sustainability. The Digital Industries segment helps its customers and provides cutting-edge technologies for the automation and digitalization of discrete and process industries. The Siemens Energy segment value chain includes generation, transmission, new energy business, industrial applications, and renewables. The Companyâs products and services include automation, building technologies, drive technology, energy, and healthcare.