Siemens expands mass transit solutions hub in India

12 Oct 2023 CW Team

Siemens AG, the German multinational technology conglomerate, announced plans to establish India as the focal point for mass transit solutions, as stated by company executives today.

Peter Koerte, the Chief Technology Officer and Strategy Officer at Siemens AG, mentioned that the $ 3 billion substantial order received from the Indian Railways would undoubtedly expedite the manufacturing of components and locomotives within the country. He added that Siemens operates a facility in India dedicated to developing various infrastructure solutions and intends to leverage India as a central hub for mass transit solutions, presenting a significant opportunity.

Earlier this year, Siemens inked a contract worth Rs 260 billion with Indian Railways to supply and maintain electric locomotives for freight transportation in India. This deal stands as the largest locomotive agreement in Siemens Mobility's history and represents the company's most significant order in India.

As per the agreement, Siemens will deliver 1,200 electric locomotives with a high capacity of 9000 horsepower (HP) and will also provide maintenance services to the Railways for a duration of 35 years. These deliveries will be carried out over an eleven-year period.

Siemens emphasised its engineering capabilities in India, boasting 30 factories, and expressed its intent to further expand and develop these capacities for the region.

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..