Shanghai Electric and Mitsubishi interested to acquire Siemens Gamesa

10 Dec 2020 CW Staff

The share prices of Madrid based wind OEM Siemens Gamesa rose after the circulation of reports that Asian giants Shanghai Electric and Mitsubishi were targeting it for an acquisition. The share prices of Siemens Gamesa, were 3% higher during the course of early afternoon trading in Madrid, outranking the slightly down IBEX 35 market in the process. Germany-based Siemens energy owns about 67% of the company.

The report shed light on Siemens Energy’s prevalent relationship with Siemen Gamesa as a grantor of offshore wind technology. The report also noted Mitsubishi Heavy’s recent verdict of divesting their half-share in offshore OEM MHI Vestas to Vestas, their Danish partner.

Despite its onshore wind wing suffering high-profile issues over the last few years, Siemens Gamesa continues to be the world leader with respect to the supply of offshore turbines. In Spite of registering a full-year loss of $1.08 billion in the last year, the company has a record order book worth $36.63 billion to its name.

Any comprehensive discarding of Siemens Gamesa is poised to leave a conspicuous hole in Siemen Energy’s overall green capabilities that was given birth to this year to accommodate the German industrial giant’s growing energy interests.

Image Source

Infrastructure Transport

18 Dec 2025

RVNL secures Rs 1.65 billion railway bridge project from North Eastern Railway

Rail Vikas Nigam (RVNL) has received a Letter of Award (LoA) from North Eastern Railway for a Rs 1.65 billion railway infrastructure project, strengthening its order book and showcasing its expertise in complex railway construction.The project involves constructing the substructure of a major railway bridge over the Gandak River, located between Paniyahwa and Valmikinagar stations. This is part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section, aimed at improving line capacity and operational efficiency.The bridge will feature 14 spans of 61 metres each, built on double D-t..

Raebareli’s Modern Coach Factory rolls out 15,000th railway coach

The Modern Coach Factory (MCF) at Raebareli in Uttar Pradesh has achieved a major manufacturing milestone with the rollout of its 15,000th railway coach on December 15, the Ministry of Railways said.In a press note, the ministry said that MCF has already produced 1,310 coaches in the current financial year 2025–26, reflecting sustained high output at one of Indian Railways’ most advanced passenger coach manufacturing units.Established in 2007 at Lalganj in Raebareli district, MCF was built at a cost of Rs 31.92 billion with an initial annual production capacity of 1,000 coaches. The factor..

RailTel wins Rs 260.88 million IT infrastructure order from VOC Port

Navratna public sector undertaking RailTel Corporation of India has secured an IT infrastructure order worth Rs 260.88 million from V.O. Chidambaranar Port Authority (VOC Port), strengthening its presence in port-led digital transformation projects.According to an exchange filing dated December 16, 2025, RailTel has received a Letter of Acceptance (LoA) from VOC Port Authority for the implementation of advanced IT infrastructure at the port. The project is domestic in nature and is scheduled to be completed by August 15, 2026.The company said the order has been awarded in the normal course of ..