SIEMENS ENERGY INDIA LTD

Manufactures and services heavy electrical equipment for India's power sector through two segments. Power Transmission (55.8% of segment revenue at ₹2,402.9 crore) makes transformers, switchgear, STATCOMs and HVDC systems for utilities and renewable grid integration; Power Generation (44.2% at ₹1,902.1 crore) supplies gas turbines, industrial steam turbines and related services. The company operates eight factories in India and is undertaking ₹28 billion of capacity expansion — a doubling of transformer capacity at Kalwa to 30,000 MVA, a switchgear expansion at Sambhajinagar, and a proposed greenfield transformer plant (₹20.6 billion). Order backlog stood at ₹184.3 billion (H1 FY26), up 22.2% year-on-year, with a book-to-bill ratio of 1.5x. Services contribute 27% of H1 FY26 revenue at ₹12 billion, and exports include power transformers for US data center customers. The largest input cost is materials and components at 17% of revenue, with other operating expenses at 46.2% and employee costs at 11.9%.