Page 4 - Siemens

Siemens India to make 1,200 horsepower electric locomotives for railways

Siemens, India will manufacture 1,200 electric freight locomotives of 9,000 HP each for the railways, according to the terms of a contract valued at Rs 26,000 crore, the national transporter said on Saturday. The Indian Railways has issued a letter of award (LoA) for the manufacturing and maintenance of the 9,000-HP electric freight locomotives to Siemens, India. "Railways factory at Dahod, Gujarat will manufacture 1,200 high horsepower (9,000 HP) electric locomotives over a period of 11 years. It would entail manufacturing of 1,200 locomotives and maintenance of these locomotives for 35 years. The estimated value of contract is about INR 26,000 crore (about 3.2 billion USD), excluding taxes and price variation," the railways said in a statement. An agreement with Siemens, India will be signed within 30 days of the issuance of the LoA. The prototype locomotives are to be delivered in the next two years. The Dahod unit will be fully constructed for manufacturing these locomotives ..

Sensex falls 216 pts, Nifty below 18,600 on RBI's moderately hawkish policy

CLOSING BELL: The central bank increased repo rate by 35 basis points and lowered GDP growth forecast for FY23 to 6.8 per cent as it remained cautious of a sticky core inflation amid global turmoil

Siemens lowest bidder for mfg 1,200 electric locomotives worth Rs 20,000 cr

Engineering firm Siemens has emerged as the lowest bidder for a project for manufacturing 1,200 electric locomotive of 9000 HP (horse power) worth over Rs 20,000 crore at Dahod in Gujarat. Indian Railways had floated the tender for manufacturing and maintenance of 9,000 HP electric locomotives at Dahod in April this year. "Siemens Limited has emerged as the lowest bidder (L1) for the 9000 HP electric locomotives project in Dahod, Gujarat, India," a BSE filing said. Prime Minister Narendra Modi in April laid the foundation stone for the manufacturing project of 9,000 HP electric locomotives at the Railway production unit in Dahod. The cost of the project was estimated at around Rs 20,000 crore. The Dahod workshop, established in 1926 for periodic overhaul of steam locomotives, is being upgraded to electric locomotive manufacturing unit with infrastructural improvements. It is expected to provide direct and indirect employment to over 10,000 people. The 1,200 locomotives will be ..

Stocks to Watch: TCS, KPI Green, Siemens, Alstom India, Apollo Hospitals

Stocks to Watch Today: In the F&O space, BHEL, Delta Corp, Indiabulls Housing Finance and PNB are the stocks in ban period on Thursday.

Alstom, Medha, Siemens in race for Rs 26,000-crore Vande Bharat order

At least 4 of the five bidders have formed JVs for the Rs 26,000-crore order

Fairfax not exiting Bengaluru airport, has 'no interest' in selling stake

Company-owned by Canadian billionaire responds to a media report about the sale

Stocks to Watch: Harsha Engineers, Britannia, Coal India, Anupam Rasayan

Stocks to Watch: Harsha Engineers will make its debut on the bourses today. The issue price is fixed at Rs 330 per share. As per IPO Watch, the stock can list with a 50 per cent premium

NCLAT dismisses Siemens' plea against encashment of its guarantee in MEL

The National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal by Siemens Ltd against the invocation of its bank guarantees by Meenakshi Energy. Meenakshi Energy Ltd (MEL) which is presently facing insolvency proceedings, was setting up a 700 MW thermal plant, in which Siemens was a sub-contractor for the project. The appellate tribunal has upheld the earlier order of the Hyderabad bench of the National Company Law Tribunal (NCLT) in this regard and noted the bank guarantees were invoked by MEL on the ground that Siemens failed to perform its obligations in terms of the agreements. "... Also keeping in view that we do not find any material on record with respect to any fraud, we do not find any illegality or infirmity in the order of the Impugned Order (of NCLT)," said a two-member NCLAT bench. The Resolution Professional of MEL had sought permission for the release of Rs 2.50 crore and permitted it to be utilised against the overall outstanding amount of Rs 13.06 cror

Capital goods stocks may re-rate on Govt capex push, firm demand: Analysts

Inflation remains a key risk for margins amid geopolitical tensions. But, analysts expect this to improve from the second half of FY23 due to declining commodity prices and strong order inflows

We are capable of installing passenger EV charging infra in India: Siemens

As the Indian government pushes forEV adoption and installing the public charging infrastructure, Siemens has stressed that it has proven capabilities to help the government

India will be key hub to further accelerate digital initiatives: Siemens

Technology company Siemens said India will be a key hub to further accelerate the digital transformation initiatives of its customers globally. Siemens, which is focused on industry, infrastructure, transport as well as transmission and generation of electrical power, has over 6,000 software engineers at its development centres in the country, according to the company On Tuesday, the company launched its 'Xcelerator' platform in India, which is an open and evolving digital business ecosystem. It comprises a comprehensive, curated portfolio that includes digital and Internet of Things (IoT)-enabled offerings from Siemens, and certified third parties, the company said. "India will play a key role in the global roll-out of Siemens Xcelerator India will be at the forefront and a key hub to further accelerate the digital transformation efforts of our customers worldwide," said Peter Koerte, Chief Technology Officer and Strategy Officer at Siemens AG. With the launch of the platform, t

Siemens Healthineers partners with HealthCare Global, Narayana Health, IISc

Germany's Siemens Healthineers on Friday announced strategic partnerships with HealthCare Global Enterprises, Narayana Health and the Indian Institute of Science as part of its strategy to make India an innovation centre for its global operations. The medical technology company said the partnerships will focus on fighting the most threatening diseases, enabling efficient operations and expanding access to patient care. In a virtual press conference, Siemens Healthineers Chief Technology Officer Peter Schardt said the partnership with HealthCare Global Enterprises Ltd (HCG) will focus on advancing cancer care with patient-centric solutions for the entire clinical pathway. It will also look to enhance research on diagnostic imaging technologies, artificial intelligence and precision therapy based on intelligent and image-guided treatment. With Narayana Health (NH), Schardt said the focus will be on improving cardiovascular care and the usage of interdisciplinary solutions to optimise

'Ask Siemens Energy', says Gazprom on resumption of Nord Stream 1

Gazprom on Friday said the Nord Stream 1 pipeline, Europe's major supply route, would remain shut as a turbine at a compressor station had an engine oil leak, sending wholesale gas prices soaring.

Supply chain, margin woes for Siemens, but strong order flow a positive

Global headwinds may weigh on the sector and company's prospects; strong order flow is a positive though

Sensex ends volatile day 21 pts higher; PSB index surges 3%, Zomato 20%

CLOSING BELL: losses in HDFC twins, ICICI Bank, Infosys, L&T, and Bharti Airtel nearly balanced gains in Kotak Bank, State Bank of India, Hindustan Unilever (HUL), Asian Paints, and Bajaj Finance

Siemens failed to fulfill obligations: Gazprom on Nord Stream repair

Russia's gas giant Gazprom has said that Siemens failed to fulfill its obligations and had not returned a repaired turbine engine for the Nord Stream 1 pipeline

LIC adds Rs 1,983 cr in kitty by offloading shares in Siemens, Icra

LIC said its holding in Siemens decreased by over 2 per cent from October 14, 2020, to July 18, 2022, at an average cost of Rs 2,701.19 per piece.

Stock in the green, strong order momentum to power gains for Siemens

Product mix, operating leverage, and price hikes to help expand margins

Revival of orders to boost project business, drive gains for Siemens

Siemens' product mix, operating leverage and price hikes to help expand margins.

Siemens okays drives applications biz sale to subsidiary for Rs 440 cr

The LDA business within Siemens Ltd recorded revenue from operations of Rs 4,437 million for FY 2021 and an operating profit of Rs 251 million, a company statement said.