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.
- 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.