BSEAnnouncementHighPositive
Announced Tue, 17 Jun, 2025 · 11:50 IST

Please refer to the attached pdf

Order Above 5pct RevenueGovt Defence OrderBusiness Updates View source PDFExplain this filing
Price reaction

Awaiting price reaction for this filing.

AI summary

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.

Likely market impact

Positive for the stock — the order strengthens Siemens' order book in the mobility and infrastructure segment and adds a high-margin, multi-year maintenance revenue stream, reinforcing visibility on earnings over the medium to long term.