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• Expansion in Goa will bring to market state-of-the-art Gas Insulated Switchgear and Clean Air GIS (Blue GIS) technologies
• State-of-the-art Metro train manufacturing facility at Aurangabad to address demand of growing Metro Rail networks globally
• In November 2023, the Company had already announced capacity expansions of Power Transformers factory in Kalwa and Vacuum Interrupter factory in Goa

Siemens Limited announced the expansion of two of its 32 factories in India today. This is in addition to the capacity expansions of the Power Transformer factory in Kalwa and Vacuum Interrupter factory in Goa announced by the Company in November 2023. With this, total Capex investment is expected to exceed Rs 1,000 crore. 

• Continued strong profitable revenue growth across businesses

• State-of-the-art rail electrification technologies for 42-kilometer-long stretch on Udhampur-Srinagar-Baramulla Rail Link including the longest rail tunnel (12.8 kilometers) at Pir Panjal range

Strong double-digit profitable revenue growth across businesses

• Order backlog at Rs. 45,518 crore
• Board recommends dividend of Rs. 10 per equity share of Rs. 2 each (500%)
• Continued profitable growth across businesses
• CAPEX investment of Rs. 416 crore to expand manufacturing capacity and strengthen product portfolio

NOTE: All figures are from continuing operations.

• Tata Consultancy Services (TCS), Koncept Engineers, Safex Technologies and Sonicbolt Technologies announced as Siemens Xcelerator Ecosystem Partners
• Industrial Metaverse, integrating digital twin, artificial intelligence, edge and cloud computing, to provide greater efficiency and sustainable benefits

NOTE: All figures are from continuing operations.

• Acquisition to strengthen Siemens’ capability to address fast-growing demand for electric vehicle charging infrastructure in India, expand local market presence, enable creation of export hub
• To scale up Siemens’ range of e-mobility solutions in India, complementing its global portfolio
• Closing subject to fulfilment of condition precedents as agreed between the parties and receipt of requisite regulatory, statutory and other approvals

In a step to address the fast-growing demand for electric vehicle (EV) charging infrastructure in India, Siemens Limited, signed an agreement today to acquire the EV division of Mumbai-based Mass-Tech Controls Private Limited. The division is engaged in design, engineering and manufacturing of a wide range of AC chargers, and 30 to 300kW capacity DC chargers for various end applications for EVs. The purchase consideration is Rs. 38 crore on a cash free and debt free basis and subject to other adjustments that are mutually agreed between the parties to the transaction.

• Transaction consequent to intent of Siemens AG to carve out Innomotics business into a legally separate company