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Siemens Limited announces CAPEX of over Rs. 1,000 crore

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Siemens Limited announces CAPEX of over
Rs. 1,000 crore

Siemens Limited today announced the expansion of two of its 32 factories in India. This is in addition to the capacity expansions of the Power Transformer factory in Kalwa and Vacuum Interrupter factory in Goa announced by the Company in November last year. With this, total Capex investment is expected to exceed Rs 1,000 crore.

Expansion of Smart Infrastructure Operations, Goa
Siemens Limited’s Smart Infrastructure Business is expanding its factory footprint in Goa in order to meet the rapidly increasing need for critical components of the industry, infrastructure and power distribution sectors. The total investment will be Rs. 333 crore and this will be the largest investment by Siemens in Goa.

The factory will bring to market state-of-the-art Gas Insulated Switchgear and Clean Air GIS (Blue GIS) technologies. These products will help customers in sectors such as data centers, metro rail, oil & gas, steel, transmission & distribution to meet their sustainability goals.

Metro train manufacturing facility, Aurangabad
Sustainable transportation is the key enabler for sustainable cities. To address demand of growing Metro Rail networks globally, Mobility Business is investing Rs. 186 crore to build a state-of-the-art Metro train manufacturing facility at Aurangabad. This is in addition to the existing bogie manufacturing facility at the same location.

Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, “Over the past few years, India has made rapid strides as a preferred destination for manufacturing and business. We believe that with the latest investments, our largest in recent years, we will be able to better address customer requirements with a stronger portfolio and go-to-market. It is further evidence of the strong commitment of Siemens towards India and will help leverage the full potential of the fast-growing Indian market.”

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