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Press Release14 May 2024Siemens AGMumbai
Siemens Limited announces CAPEX of over Rs. 1,000 crore
Expansion of Smart Infrastructure Operations, Goa
Siemens
Limited’s Smart Infrastructure Business is expanding its factory footprint in
Goa in order to meet the rapidly increasing need for critical components of the
industry, infrastructure and power distribution sectors. The total investment
will be Rs. 333 crore and this will be the largest investment by Siemens in
Goa.
The factory will bring to market
state-of-the-art Gas Insulated Switchgear and Clean Air GIS (Blue GIS)
technologies. These products will help customers in sectors such as data
centers, metro rail, oil & gas, steel, transmission & distribution to
meet their sustainability goals.
Metro
train manufacturing facility, Aurangabad
Sustainable
transportation is the key enabler for sustainable cities. To address demand of
growing Metro Rail networks globally, Mobility Business is investing Rs. 186
crore to build a state-of-the-art Metro train manufacturing facility at
Aurangabad. This is in addition to the existing bogie manufacturing facility at
the same location. This facility will be equipped with the latest technologies,
locally procured components and skilled technical workforce, and can adapt to
changing customer requirements. Going forward, the facility will play a key
role as an export hub for Metro Turnkey projects.
Both factories will rank
among leading globally benchmarked sustainable factories while also
contributing to the Government of India’s Make in India and Aatmanirbhar
programs through localization. The factories are designed as per the LEED Gold
standards, are carbon neutral and water positive using various sustainable
technologies, which include PV solar, microgrid, EV charging, battery energy
storage systems (BESS) and rainwater harvesting, and will be built with
recycled materials and circular construction techniques.
Sunil
Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said,
“Over the past few years, India has made rapid strides as a preferred
destination for manufacturing and business. We believe that with the latest
investments, our largest in recent years, we will be able to better address
customer requirements with a stronger portfolio and go-to-market. It is further
evidence of the strong commitment of Siemens towards India and will help
leverage the full potential of the fast-growing Indian market.”
Siemens Limited is a technology company focused on industry, infrastructure, transport as well as transmission and generation of electrical power. From more resource-efficient factories, resilient supply chains, and smarter buildings and grids, to cleaner and more comfortable transportation, the company creates technology with purpose adding real value for customers. By combining the real and the digital worlds, Siemens empowers its customers to transform their industries and markets, to transform the everyday for people. Siemens Limited is the flagship listed company of Siemens AG in India. As of September 30, 2023, Siemens Limited had Revenue from continuing operations of Rs. 17,701 crore and 8,888 employees. Further information is available on the Internet at
www.siemens.co.in.
Forward-looking statements: “This document contains forward-looking statements based on beliefs of Siemens' management. The words 'anticipate', ‘believe’, ‘estimate’, ‘forecast’, ‘expect’, ‘intend’, ‘plan’, ‘should’, and ‘project’ are used to identify forward looking statements. Such statements reflect the company's current views with respect to the future events and are subject to risks and uncertainties. Many factors could cause the actual result to be materially different, including, amongst others, changes in the general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services, and changes in business strategy. Actual results may vary materially from those projected here. Siemens does not intend to assume any obligation to update these forward-looking statements.”
Contact
Bijesh Kamath / Shahzad Bagwan
Siemens Limited, Media Relations
+91 22 6251 7000