Page 5 - Siemens

Siemens reappoints Sunil Mathur as MD & CEO; Spindler re-appointed as CFO

Sunil Mathur is the managing director and chief executive officer of Siemens Limited since 1 January 2014

Siemens Energy weighs sale of electrical components maker Trench

Siemens Energy is analyzing how to improve the long-term profitability and competitiveness of its bushings, instrument transformers and coils business, according to a spokesperson

Siemens hits record high; stock surges 22% thus far in calendar year 2023

Last week, Siemens, as part of a consortium along with Rail Vikas Nigam Limited, received two separate orders from Gujarat Metro Rail Corporation

Siemens, Rail Vikas Nigam consortium bags 2 orders from Gujarat Metro Rail

A consortium of Siemens and Rail Vikas Nigam has bagged two separate orders from Gujarat Metro Rail Corporation. "Siemens Ltd, as part of a consortium along with Rail Vikas Nigam Ltd, received two separate orders from Gujarat Metro Rail Corporation Ltd (GMRCL)," a BSE filing by Siemens stated. "Siemens Limited's share as part of the consortium is Rs 678 crore," it added. The orders are for Surat Metro Phase 1 (over 40 kilometres covering 38 stations and 2 depots) and Ahmedabad Metro Phase 2 (over 28 kilometres covering 23 stations and 1 depot). Siemens will provide project management, and rail electrification technologies, including advanced power supply and distribution systems. In addition, Siemens will also be providing advanced digital solutions, such as Supervisory Control and Data Acquisition (SCADA) solutions for both metros. Gunjan Vakharia, Head of Mobility Business, Siemens Ltd, said, "We would like to thank GMRCL for trusting Siemens in their journey of creating a safe

All our innovations have a bit of India in them: Siemens Healthineers CTO

In a Q&A, Peter Schardt talks about the Rs 1,300 crore campus his company is setting up in India, and dwells on the firm's plans in the country

ED arrests four in Andhra govt's 'Siemens Project' money laundering case

The official said that all the accused were presented at a Special PMLA Court in Visakhapatnam which remanded them to seven days' custodial remand

Siemens scaling new heights on strong performance, govt's infra thrust

Decent upside in the stock given that most analysts are positive with target prices ranging Rs 3,250-3,800

Siemens, JSL: 9 stocks in Nifty 500 top new highs despite sluggish mood

On Wednesday, shares of Cera Sanitaryware, Jindal Stainless, Siemens, and Triveni Turbine recorded new all-time highs, despite weak market

Siemens gains 3%, hits record high on strong operational performance in Q1

Overall, Siemens is expected to further strengthen its leadership position through further penetration of automation and digitization products & services across segments, ICICI Securities said

Siemens posts 85% rise in consolidated net profit at Rs 462 crore

Siemens Ltd on Tuesday posted 85 per cent rise in consolidated net profit at Rs 462.7 crore for December quarter on the back of higher revenues. In the year-ago period, net profit of the company was Rs 250 crore, as per a BSE filing. The company follows October-September financial year. Total income rose to Rs 4,116.8 crore in the quarter from Rs 3,480.9 crore in the same period a year ago. It said Willem Rudolf Basson has tendered his resignation as director of the company, with effect from May 1, 2023, due to other commitments. The company's board, based on the recommendation of the Nomination and Remuneration Committee, has appointed Juergen Wagner as an Additional Director (non-executive non-independent) of the company. Wagner's appointment is with effect from May 1, 2023 or on allotment of Director Identification Number (by Ministry of Corporate Affairs), whichever is later, subject to approval of members of the company. Wagner is not related to any director of the company

L&T, Siemens surge up to 5% as govt proposes 33% jump in capex outlay

Timken India, Praj Industries, AIA Engineering and ABB were among other individual stocks from the S&P BSE Capital Goods index, up 4 - 5 per cent each.

Siemens signs Rs 26,000-crore locomotive order with Indian Railways

The contract is the single biggest order for Siemens, the company said in a disclosure to the stock exchanges, and will be used for freight transport

Siemens India to make 1,200 horsepower electric locomotives for railways

Siemens, India will manufacture 1,200 electric freight locomotives of 9,000 HP each for the railways, according to the terms of a contract valued at Rs 26,000 crore, the national transporter said on Saturday. The Indian Railways has issued a letter of award (LoA) for the manufacturing and maintenance of the 9,000-HP electric freight locomotives to Siemens, India. "Railways factory at Dahod, Gujarat will manufacture 1,200 high horsepower (9,000 HP) electric locomotives over a period of 11 years. It would entail manufacturing of 1,200 locomotives and maintenance of these locomotives for 35 years. The estimated value of contract is about INR 26,000 crore (about 3.2 billion USD), excluding taxes and price variation," the railways said in a statement. An agreement with Siemens, India will be signed within 30 days of the issuance of the LoA. The prototype locomotives are to be delivered in the next two years. The Dahod unit will be fully constructed for manufacturing these locomotives ..

Sensex falls 216 pts, Nifty below 18,600 on RBI's moderately hawkish policy

CLOSING BELL: The central bank increased repo rate by 35 basis points and lowered GDP growth forecast for FY23 to 6.8 per cent as it remained cautious of a sticky core inflation amid global turmoil

Siemens lowest bidder for mfg 1,200 electric locomotives worth Rs 20,000 cr

Engineering firm Siemens has emerged as the lowest bidder for a project for manufacturing 1,200 electric locomotive of 9000 HP (horse power) worth over Rs 20,000 crore at Dahod in Gujarat. Indian Railways had floated the tender for manufacturing and maintenance of 9,000 HP electric locomotives at Dahod in April this year. "Siemens Limited has emerged as the lowest bidder (L1) for the 9000 HP electric locomotives project in Dahod, Gujarat, India," a BSE filing said. Prime Minister Narendra Modi in April laid the foundation stone for the manufacturing project of 9,000 HP electric locomotives at the Railway production unit in Dahod. The cost of the project was estimated at around Rs 20,000 crore. The Dahod workshop, established in 1926 for periodic overhaul of steam locomotives, is being upgraded to electric locomotive manufacturing unit with infrastructural improvements. It is expected to provide direct and indirect employment to over 10,000 people. The 1,200 locomotives will be ..

Stocks to Watch: TCS, KPI Green, Siemens, Alstom India, Apollo Hospitals

Stocks to Watch Today: In the F&O space, BHEL, Delta Corp, Indiabulls Housing Finance and PNB are the stocks in ban period on Thursday.

Alstom, Medha, Siemens in race for Rs 26,000-crore Vande Bharat order

At least 4 of the five bidders have formed JVs for the Rs 26,000-crore order

Fairfax not exiting Bengaluru airport, has 'no interest' in selling stake

Company-owned by Canadian billionaire responds to a media report about the sale

Stocks to Watch: Harsha Engineers, Britannia, Coal India, Anupam Rasayan

Stocks to Watch: Harsha Engineers will make its debut on the bourses today. The issue price is fixed at Rs 330 per share. As per IPO Watch, the stock can list with a 50 per cent premium

NCLAT dismisses Siemens' plea against encashment of its guarantee in MEL

The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal by Siemens Ltd against the invocation of its bank guarantees by Meenakshi Energy. Meenakshi Energy Ltd (MEL) which is presently facing insolvency proceedings, was setting up a 700 MW thermal plant, in which Siemens was a sub-contractor for the project. The appellate tribunal has upheld the earlier order of the Hyderabad bench of the National Company Law Tribunal (NCLT) in this regard and noted the bank guarantees were invoked by MEL on the ground that Siemens failed to perform its obligations in terms of the agreements. "... Also keeping in view that we do not find any material on record with respect to any fraud, we do not find any illegality or infirmity in the order of the Impugned Order (of NCLT)," said a two-member NCLAT bench. The Resolution Professional of MEL had sought permission for the release of Rs 2.50 crore and permitted it to be utilised against the overall outstanding amount of Rs 13.06 cror