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Siemens to invest over Rs.10 billion to expand operations in India
The company aims to meet the growing demand in critical sectors such as industry, infrastructure, and power distribution by expanding two of its factories. This strategic move includes the establishment of a state-of-the-art metro train manufacturing facility in Aurangabad and the expansion of the Smart Infrastructure Operations in GoaRead more
Siemens Limited declares CAPEX of over Rs 10 billion
The company's Smart Infrastructure Business is set to boost its factory presence in Goa with an investment of Rs 3.33 billion, marking the largest investment by Siemens in the state. Read more
Siemens Limited declares 19% increase in revenue; 74% higher PAT in Q2 FY24
Revenue of Rs 52.48 billion was seen as a 19% increase over the same quarter in the preceding year.Read more
Siemens to acquire Mass-Tech Controls’ EV division
Siemens enters into an acquisition with Mass-Tech Controls to acquire EV division of the company strengthening its capability to address fast-growing demand for electric vehicle charging infrastructure in India, expand local market presence, and enable creation of export hub.Read more
Boards agrees to sale Siemens’s motor business to Siemens AG subsidiary
Siemens’s Board of Directors approves sale of low voltage motors and geared motors business to a subsidiary of Siemens AG for Rs 2,200 crore. This transaction consequent to intent of Siemens AG to carve out Innomotics business into a legally separate company.Read more
Siemens consortium partners Gujarat Metro Rail Corporation for advanced rail electrification technologies
Siemens Limited equips consortium along with Rail Vikas Nigam Limited for Surat Metro Phase 1 spanning over 40 kilometers and Ahmedabad Metro Phase 2 over 28 kilometers with state-of-the-art rail electrification technologies. Read more
Siemens launches its first industry-ready 5G routers in India
Siemens Limited announced the launch of private industrial 5G user equipment with applications on industrial 5G offer long-term benefits to a wide range of customer segments that depend on a strong communication backbone.Read more
Siemens Limited sets up facility for bogies in Maharashtra
Siemens Limited has set up a state-of-the-art factory for bogies in Aurangabad (Maharashtra) to address the increasing demand from railways in India and across the world. Read more
Siemens Vadodara facility rolls-out 1,000th steam turbine
The 1,000th turbine is a 29 mw waste heat recovery steam turbine for JK Cement, the second largest manufacturer of white cement in India. Read more
GAIL to equip its gas turbines with Siemens remote diagnostic services
Siemens Limited will install state-of-the-art Remote Diagnostic Services (RDS) for GAIL (India) Limited in its gas turbines across Hazira-Vijaipur-Jagdishpur (HVJ) pipeline and Vijaipur C2/C3 Plant. Read more
