Siemens has received approval for an investment of around Rs 519 crore towards capacity addition at Gas Insulated Switchgear Factory, Goa and Metro train manufacturing facility, Aurangabad. The investment required towards capacity addition at Gas Insulated Switchgear Factory, Goa is Rs 333 crore, while for Metro train manufacturing facility is around Rs 186 crore.
The expansion of gas-insulated switchgear factory is planned in phases over three years starting 2024-25 and will be funded through the internal accruals of the company. Metro train manufacturing facility will be setup by 2028 in a phased manner.
Siemens is a technology powerhouse that has stood for engineering excellence, innovation, quality and reliability. The company focuses on the areas of electrification, automation and digitalization.
Company Name | CMP |
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Havells India | 1905.25 |
Siemens | 6964.15 |
Apar Inds | 7861.95 |
ABB India | 8312.05 |
CG Power & Indl.Soln | 641.65 |
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