CapEx News

Wabtec Corp secures USD 157 million brake system order from Siemens

Automotive Industries Jan 28,2024

Wabtec Corporation secures a $157 million brake system order from Siemens India Pvt Ltd for Indian Railways' 9000 HP Locomotive project. The contract aims to enhance operating performance and saf

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Siemens to invest Rs 416 crore for expanding manufacturing capacity

Manufacturing Dec 05,2023

Siemens Ltd, the Indian flagship of German company Siemens AG, plans a Rs 416 crore investment to expand manufacturing capacity for medium voltage switchgear vacuum interrupters and power transformers

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Karnataka expects Rs 15,000 crore investment for R&D in EV sector: Minister

Automotive Industries Oct 20,2023

Karnataka's Large and Medium Industries Minister M. B. Patil announced a projected investment of Rs 15,000 crore for electric vehicle research and development. The state has already secured inves

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Siemens looks to establish a hub for urban transport solutions in India

Automotive Industries Oct 12,2023

Siemens, the German multinational corporation, plans to capitalize on India's growing rail transit market. It recently secured a major deal with Indian Railways worth $3 billion, Siemens Mobility

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Siemens, RVNL consortium bags contract to electrify Mumbai Metro Line 2B

Infrastructure Jul 28,2023

Siemens Limited has received approval from Mumbai Metropolitan Region Development Authority (MMRDA) to electrify Mumbai Metro Line 2B in partnership with Rail Vikas Nigam Limited (RVNL). Siemens will

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