Stocks In News - Bagging Order

1. Siemens has bagged a new order from ONGC. 
2. The company won an order of Rs 366 cr from Oil and Natural Gas Corporation (ONGC),
   which includes supply of material for overhauling of 18 power turbines.
3. Under the new concept of zero hour overhaul, the power turbine will perform almost as new — capable of a safe run of another 100,000 hours before the next overhaul. 
4. This will help in reducing down-time and increase in productivity because
   of elimination of at-least one intermediate overhaul. 
5. This is Siemens’ second order win in a month after it bagged Rs 319-cr order from Diesel Locomotive Works on January 13.