-
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.
-
Creation of
two strong, independent entities able to better address respective markets and
customers with a more focused approach
- Move will unlock value of
both businesses for shareholders
The Board of
Directors of Siemens Limited approved the proposal to demerge its Energy
Business into a separate legal entity – Siemens Energy India Limited (currently
a wholly owned subsidiary of Siemens Limited). Siemens Energy India Limited
will be subsequently listed and will mirror the shareholding of Siemens
Limited, upon the receipt of requisite approvals.
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.