Please refer to the attached pdf

Siemens Limited, along with Dineshchandra R Agrawal Infracon and Siemens Mobility GmbH, has been awarded a contract worth approximately Rs. 4,100 crores by National High Speed Rail Corporation Limited (NHSRCL) for India's first High-Speed Rail project on the Mumbai-Ahmedabad corridor. Siemens Limited's share in this order is Rs. 1,230 crores, covering design, installation, and 15 years of maintenance of European Train Control System (ETCS) Level 2-based signaling and train control technologies supporting speeds up to 350 km/h. The project will be executed over 54 months. For context, Siemens Limited reported consolidated revenue of around Rs. 16,000 crore in FY2024, making this single order roughly 7-8% of its annual revenue, with the long maintenance tail adding recurring income over 15 years.