Siemens Limited Announces ₹1000 Crore Capex

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Siemens and CSA

In a statement, Siemens announced that it is expanding its factory operations in Goa to address the rapidly growing demand for essential industry components.

Siemens Ltd, a prominent supplier in the transportation sector, has announced a significant capital expenditure of over Rs 1000 crore to expand its manufacturing facilities in India.

Sunil Mathur, Managing Director and CEO of Siemens Limited, noted that India has recently become a favoured location for manufacturing and business. He expressed confidence that their latest and largest investments in recent years will allow Siemens to address customers’ better needs through an improved portfolio and go-to-market strategy.

Siemens disclosed in a statement that it is expanding its factory footprint in Goa to address the rapidly increasing demand for critical components in the industry, infrastructure, and power distribution sectors. This expansion represents a total investment of Rs 333 crore, marking the company’s largest investment in the state.

The Goa factory will introduce state-of-the-art Gas Insulated Switchgear and Clean Air GIS (Blue GIS) technologies, which will aid customers in sectors such as data centres, metro rail, oil and gas, steel, and transmission and distribution in achieving their sustainability goals.

Additionally, to support the growing global demand for Metro Rail networks, Siemens’ Mobility Business is investing Rs 186 crore to establish a cutting-edge Metro train manufacturing facility in Aurangabad.

To meet the increasing demand for electric vehicle (EV) charging infrastructure in India, Siemens has acquired the EV division of Mumbai-based Mass-Tech Controls. This division specializes in the design, engineering, and manufacturing of a wide range of alternating current chargers and direct current chargers with capacities ranging from 30 to 300 kW for various EV applications. This acquisition expands Siemens’ portfolio of e-mobility solutions.

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