With effect from March 14, 2011, Siemens Healthcare Diagnostics Ltd. (SHDL) amalgamated with Siemens Ltd. and stands dissolved. Siemens Ltd. has issued and allotted 3,134,700 Equity Shares of ` 2 each fully paid-up to the shareholders of erstwhile SHDL on 24th March, 2011. The entire business and undertaking of the company now gets transferred to and in the name of Siemens Ltd.
First metro line in India to run under a riverSiemens is to supply the complete railway electrification system for Kolkata’s new metro line. The company has received a corresponding order from the Indian operator Kolkata Metro Rail Corporation (KMRC), including the project management, design, installation and commissioning work, plus personnel training and maintenance throughout the three-year warranty period. The new east-west metro line in Kolkata will have a total length of 14.67 kilometers and serve 12 stations.
Siemens Financial Services Private Limited to support Siemens sales in IndiaIn another step towards its international growth strategy, Siemens has founded Siemens Financial Services Private Limited (SFSPL) in India. SFSPL has filed an application for a Certificate of Registration to commence business of a non-banking financial company, with the Reserve Bank of India (RBI). Subject to regulatory approval, SFSPL will focus on asset financing business by offering products such as loans, leasing solutions and hire purchase. The company aims to provide financing offerings to Siemens customers in India, particularly in the Healthcare, Industry and Energy Sectors. Sunil Kapoor has been appointed as CEO of the company based in Mumbai.
For the first quarter ended December 31, 2010, Sales for Siemens Ltd. increased by 35% to Rs. 2525 crores demonstrating yet another consecutive quarter of high growth.For the first quarter ended December 31, 2010, Sales increased by 35% to Rs 2525 crores as compared Rs. 1867 crores in Q1 2010. All the three sectors of Industry, Energy and Healthcare contributed to this growth. For Q1 2011, New Orders were booked at Rs. 3987 crores which included the order for DGEN from Torrent Power Ltd., for a Combined Cycle Powerplant.
Siemens Ltd.’s Healthcare sector today installed MAGNETOM Aera 1.5 Tesla (T) Magnetic Resonance Imaging (MRI) scanner at Scans World in Chennai -- a new generation scanner with a combination of Tim 4G and Dot (Day optimizing throughput) engine. This is the first 1.5T MRI scanner in India to incorporate both Tim 4G and Dot technologies – a combination of which delivers personalized patient care and improves productivity by 30% every day, across the entire MRI workflow.
Siemens Ltd., conducted the Ecovatives® Awards, an award to recognize those businesses/organizations who have adopted initiatives in their business to reduce carbon emissions and are being more eco-friendly. Siemens Ecovatives Awards 2010 is a country-wide initiative to identifying these businesses, which Siemens has undertaken in partnership with CNN-IBN. The initiative had 200 Indian corporates responding to this initiative. India’s top corporates including Tata Group, Infosys, Airtel, RBS, Mahindra & Mahindra, Nissan India and scores of small and medium enterprises (SMEs) have come on board and shared their ecovative initiatives to participate in this awards.
Siemens AG has announced the first anti-corruption projects that will receive financing from the US$100 million integrity initiative to promote clean markets. This initiative is part of the World Bank-Siemens AG comprehensive settlement that was agreed on July 2, 2009. An initial tranche of US$40 million will now be distributed to more than 30 initiatives from over 20 countries that have been selected. Around 300 nonprofit organizations from 66 countries had applied for funding during the first round.
Siemens Ltd. wins an order worth Rs. 1.27billion (Rs. 127 crore) from Jaypee Sports International Limited (JPSI) for the country’s first Formula1 race track. This project is scheduled to be completed within the next 10 months (July 2011)Siemens will supply, install, design, engineer and commission special electronics package, which is one of the most crucial parts of F1 race tracks. The package includes setting up the Race Control Management system, Video surveillance for racetrack and Video storage, Digital Signaling system (Digi Flag) and Time Keeping system. Additionally, Siemens will also provide the complete IT backbone (VOIP & Data network), Information displays, and Media Distribution system for Media centre for this project.
The Vadodara factory will manufacture Steam Turbines up to 150 MW and compressors for domestic and other emerging marketsProgressing further with its expansion plans, Siemens Ltd today inaugurated the second phase of its Steam turbine and Compressor manufacturing facility at Vadodara. The factory was inaugurated by Mr. Narendra Modi, Hon’ble Chief Minister of Gujarat. This expansion has added three production bays to the existing production facility covering the area of approximately 17,000 sq. mtrs and tripling the production capacity of the factory. The factory will now be able to manufacture Steam Turbines up to 150MW and manufacture and package Process Compressors for the domestic market as well as other emerging markets. The second phase of the manufacturing facility will provide additional employment to about 200 people.
New Orders up 41%; Sales increased by 11%; Operating Profit up 26%For the financial year ended September 30th, 2010, Siemens Ltd. registered a solid performance with all the three Sectors of Industry, Energy and Healthcare contributing significantly. For the year ended September 30, 2010, Siemens Ltd., received New Orders valued at Rs. 124,304 million as compared to Rs. 87,964 million last year for the same period, registering a growth of 41%. Sales for the financial year 2010 grew by 11% and stood at Rs. 93,152 million as compared to Rs. 83,888 million in Financial Year 2009.