Siemens Limited has approved the sale and transfer of low voltage motors and geared motors businesses, including related customer service business to Siemens Large Drives India Pvt Ltd
The LDA business within Siemens Ltd recorded revenue from operations of Rs 4,437 million for FY 2021 and an operating profit of Rs 251 million
NSE Nifty slide 88 points and closed at 17,415 levels whereas BSE Sensex shed 323 points and closed at 58,340 levels. According to stock market experts, this pattern signals a weak upside bounce in the market.
The Indian Railways has issued a letter of award (LoA) for the manufacturing and maintenance of the 9,000-HP electric freight locomotives to Siemens, India
Siemens reported an increase of 4.9 per cent in new orders from continuing operations at Rs 3,378 crore in the September 2021 quarter, against Rs 3,220 crore in the corresponding period last year.
Corporation's shareholding in Siemens Ltd has diluted from 25,623,599 to 18,412,652 equity shares, decreasing its shareholding from 7.195 per cent to 5.170 per cent of the paid-up capital of the said company
