×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Siemens launches second phase of Vadodara facility

Siemens launches second phase of Vadodara facility
Comment E-mail Print Share
First Published: Tue, Nov 30 2010. 08 50 PM IST
Updated: Tue, Nov 30 2010. 08 50 PM IST
Ahmedabad: Siemens Ltd., the Indian flagship firm of Germany-based Siemens AG, on Tuesday launched second phase of its steam turbine and process compressors manufacturing facility at Vadodara. With the expansion, the Vadodara factory will now be able to manufacture 150 MW steam turbines.
Siemens AG holds 55.18% of the paid-up equity capital of Siemens Ltd. Prior to this expansion, the factory was manufacturing smaller steam turbines up to 45MW.
The smaller turbines up to 15 MW manufactured at Vadodara are sourced by Siemens AG to cater to Asia, Africa and European markets.
”With the expansion in place, the factory will also manufacture process compressors for the domestic and other potential markets,” said Armin Bruck, managing director, Siemens Ltd.
This expansion program is in line with the announcement made by Peter Loescher, president and CEO of Siemens AG in February 2010 when he announced an investment of Rs1,600 crore in over the next 3-year to set up six hubs of base level products.
Steam turbines larger than 45 MW, which was one of the six hubs is now established and the other five hubs are well underway, official said.
”The firm has already invested Rs300 crore for the first phase of Vadodara facility. As the part of our Rs1,600 crore expansion plan, we have invested Rs275 crore for the second phase development. We are also considering a wind turbine facility in which we will invest Rs350-400 crore,” said A. K. Dixit, CEO, Energy Sector, Siemens Ltd.
He added that the firm is also planning to invest around Rs200-250 crore for setting up a transformer manufacturing unit in Vadodara.
Comment E-mail Print Share
First Published: Tue, Nov 30 2010. 08 50 PM IST