Siemens announces a 22% increase in revenue

16 Feb 2024 CW Team

For the first quarter of FY2024 ended December 31, 2023, Siemens registered revenue at Rs 4,395 crore (a 22% increase over the same quarter in the preceding year). The company received new orders of Rs 5,971 crore, a 10% increase over the same period last year. Profit after tax stood at Rs 463 crore (11% of revenue). The first quarter of fiscal year 2023 included significant gain of Rs 103 crore due to positive effects of foreign exchange and commodities.

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens, said, ?While strong revenues came in from our digital industries, smart infrastructure and mobility businesses, our order income growth came from our energy business driven primarily by our transmission business. There was a decline in new orders in our digital industries automation business on account of destocking following normalisation in demand. We expect this to normalise from Q3 onwards. Capex demand across segments, largely driven by capex spending in public infrastructure, continues to be good. Private capex is also beginning to pick up.?

Mathur further added, ?We would like to wish our current CFO, Dr. Daniel Spindler, well as he moves on to take a Senior Management role with Siemens AG and thank him for his contribution to Siemens. We would like to welcome his successor, Wolfgang Wrumnig, in his new role as CFO of the company.?

Infrastructure Urban

13 Mar 2026

Implementation Status of Jal Jeevan Mission

Since August 2019 the Government has implemented Jal Jeevan Mission to provide assured potable water through household tap connections in rural India. At the start of the mission only 32.3 million (mn) rural households, representing 16.7 per cent, were reported to have tap water connections. States and union territories have reported that 125.8 mn additional rural households have since been provided with tap connections. As a result, of about 193.6 mn rural households roughly 158.2 mn, or 81.71 per cent, are reported to have tap water supply at home.\n\nThe State, district and village level st..

Jal Jeevan Mission Reaches Eighty One Per Cent Rural Coverage

The Government reported substantial progress under the Jal Jeevan Mission, launched in August 2019 to provide tap water to every rural household. At launch only 32.3 million (mn) rural households had tap connections and states and Union territories reported provision of 125.8 mn additional households by March 2026. Consequently, out of about 193.6 mn rural households around 158.2 mn, or 81.71 per cent, are reported to have tap water at home. The Finance Minister announced extension of the mission until 2028 in the 2025-26 budget speech. The Swachh Bharat Mission Grameen, launched in October 20..

Empowering Local Governance for Sustainable Rural Water Supply

The Ministry of Jal Shakti has aligned the Jal Jeevan Mission (JJM) with the 73rd Amendment to strengthen village level planning and community ownership of water supply. Gram Panchayats, village water and sanitation committees and Pani Samitis are to plan, implement, manage and maintain piped water systems, with gram sabha processes formalising handover and oversight. Implementation support agencies including non government organisations, community based organisations and self help groups have been empanelled to train local committees and promote women participation. Under JJM, the department ..