In Short : Siemens Energy India reported a 36% year-on-year rise in net profit for the March quarter, reaching ₹246 crore. The company saw strong performance driven by robust orders and operational efficiency. Revenue growth and disciplined cost management also contributed to the improved profit. Siemens Energy India continues its momentum in the energy sector, supported […]
India’s Siemens to explore energy business spin-off, shares jump to record high – EQ
In Short : Siemens, the German multinational conglomerate, is reportedly exploring the possibility of spinning off its energy business. The decision has led to a surge in the company’s shares to a record high. This strategic move may indicate Siemens’ focus on reshaping its portfolio to align with evolving market dynamics and trends in the […]
Siemens net profit down 12.4% to Rs 571 crore in September quarter – EQ
In Short : Siemens’ net profit for the September quarter has decreased by 12.4% to Rs 571 crore. This decline in net profit signals a decrease in the company’s earnings compared to the same period in the previous year. In Detail : Siemens in India reported a 12.4 per cent dip in its net profit […]
Siemens to acquire Mass-Tech Controls’ EV division for Rs 38 crore – EQ Mag
Siemens will acquire the Mumbai-based company for ₹38 crore Siemens Limited has announced that it will acquire the electric vehicle 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 30-300kW capacity DC chargers for EVs. The purchase consideration is ₹38 […]
Siemens rallies after emerging as the lowest bidder for manufacturing 1,200 electric locomotives – EQ Mag
On Wednesday, the stock opened at Rs 2806 and touched a high and low of Rs 2926 and Rs 2806, respectively. At 10 am, the shares of Siemens were trading at Rs 2902.55, up by 136.15 points or 4.92% from its previous closing of Rs 2766.40 on the BSE. Siemens was the lowest bidder for […]
Siemens, others call for only zero-emission freight trucks to be sold in EU – EQ Mag
More than 40 manufacturers, shippers and industry groups including Siemens, Maersk and Unilever called on the EU on Thursday to mandate that all freight trucks be zero-emission models by 2035. In a letter published on Thursday the group said its signatories “urge the European Commission to set all new freight trucks on a path to […]
We are capable of installing passenger EV charging infra in India: Siemens – EQ Mag Pro
As the Indian government pushes for electric vehicle (EV) adoption and installing the public charging infrastructure, German industrial manufacturing major Siemens has stressed that it has proven capabilities to help the government realise its passenger EV mobility dream too. The company is currently working on the commercial EV mobility side in India, working with leading […]
SIEMENS has made an investment of INR 11.40 million in Sunsole Renewables Private Limited, Mumbai, India, (Sunsole) towards the second tranche equity allotment – EQ Mag Pro
SIEMENS has made an investment of INR 11.40 million in Sunsole Renewables Private Limited, Mumbai, India, (Sunsole) towards the second tranche equity allotment. For more information please see below link:
Siemens’ new home EV charger adapter ends need for electrical panel upgrades – EQ Mag Pro
Siemens and Philadelphia-based ConnectDER have partnered to roll out a groundbreaking simple home EV charger connector. Previously, homeowners who wanted to install EV chargers might have had to spend thousands of dollars to modify their home’s electrical panel. This new proprietary plug-in adapter will eliminate that cost and allow installation and connection in minutes. Siemens’ […]
Tata Power Delhi Distribution Limited and Siemens ink partnership for capacity building training in Power Distribution Sector – EQ Mag Pro
• Aims to create a pool of skilled workforce for discoms • The training programs under the partnership will be designed in accordance with new and emerging technologies Tata Power Delhi Distribution Limited, a pioneering power distribution utility, supplying electricity to a populace of over 7 million in North Delhi, signed a Memorandum of Understanding […]