Siemens consortium partners Gujarat Metro Rail Corporation for advanced rail electrification technologies

Siemens Limited, as part of a consortium along with Rail Vikas Nigam Limited, received two separate orders from Gujarat Metro Rail Corporation Limited (GMRCL). Siemens Limited's share as part of the consortium is Rs. 678 crore.

The orders are for Surat Metro Phase 1 (over 40 kilometers covering 38 stations and 2 depots) and Ahmedabad Metro Phase 2 (over 28 kilometers covering 23 stations and 1 depot). Siemens Limited will provide project management, rail electrification technologies, including advanced power supply and distribution systems. In addition, Siemens Limited will also be providing advanced digital solutions such as Supervisory Control and Data Acquisition (SCADA) solution for both metros.

Gunjan Vakharia, Head of Mobility Business, Siemens Limited, said, "Siemens takes great pride in being an integral part of the development of Gujarat's public transportation system through these landmark metro projects. They will play a pivotal role in enhancing the quality of life and the all-round growth of the cities and region. We would like to thank GMRCL for trusting Siemens in their journey of creating a safer, greener and smarter transport solution for sustainable cities."

Shares of Siemens Limited was last trading in BSE at Rs. 3261.95 as compared to the previous close of Rs. 3319.00. The total number of shares traded during the day was 4851 in over 1220 trades.

The stock hit an intraday high of Rs. 3327.90 and intraday low of 3258.00. The net turnover during the day was Rs. 15947510.00.

Source : Equity Bulls

Keywords

Siemens INE003A01024 Consortium RVNL OrderWin GujaratMetroRailCorporation