Siemens bags Rs 377 cr order from Diesel Locomotive Works

Siemens Limited has bagged an order worth Rs 377 crore from Indian Railways' Diesel Locomotive Works (DLW), Varanasi for supply of traction motors.

"Siemens Ltd. has won a crucial order worth approximately Rs 377 crore from Indian Railways' DLW, Varanasi", the company said in a filing to the BSE.

The scope of work involves supply of 1,890 traction motors for 4,500 HP Diesel Electric Locomotives, the filing further said.

Siemens had reported a 49.8 % plunge in standalone net profit at Rs 219.13 crore for the quarter that ended on September 30th.

The company had reported a standalone net profit after tax of Rs 436.78 crore in the year-ago period.In this period, the standalone net sales of the company increased to Rs 3,231.30 crore from Rs 3,111.27 crore.