Private sector's cost efficiency drive aiding Siemens' profitability

Acquisition of C&S Technologies is seen margin accretive and will augment exports

Siemens India’s December quarter results (Q1; it follows October-September financial year) showing 15 per cent revenue growth and a 6 per cent YoY increase in order inflow indicated that the worst of the Covid impact could be behind it.

With the engineering major closing in on the acquisition of C&S Electric from its promoters, it is expected to give a further leg-up to the firm’s power and gas segment in the ongoing financial year. Focused on low-voltage switchgear with a strong presence in the infrastructure sector, Sunil Mathur, MD & CEO, Siemens, says the deal will bring in synergies in terms