Siemens rides high on govt's infrastructure thrust
Siemens has bagged a contract worth about ₹26,000 crore from the Indian Railways, its single biggest order so far in India.
The government’s increased thrust on infrastructure development is likely to come as a shot in the arm for capital goods and engineering companies, including Siemens Ltd. The company is in the spotlight after it bagged a contract worth about ₹26,000 crore from the Indian Railways to deliver 1,200 electric locomotives of 9,000 horsepower. The deliveries are planned over an 11-year period, and it will also provide full-service maintenance for 35 years.
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