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Posted on 7th June 2018
Siemens on Wednesday said it has commissioned the world’s-largest power grid stabilisation technology solution for State-run utility Power Grid Corporation of India at Rourkela in Odisha.

“Siemens has commissioned 400 kV Synchronous Compensator (STATCOM) solutions at Power Grid Corporation’s substation in Rourkela, Odisha.

How street lamps could charge Electric Vehicles: Siemens invests in this start-up for EVs
Posted on 12th May 2018
In order to achieve the goals set at the 2017 Paris Climate Accord, The International Energy Agency (IEA) says there need to be about 100 million electric cars on road globally by 2030. It believes that one-fifth of all vehicles in the world (including two-wheelers, buses, trucks and cars) should run on batteries. France has already hinted on banning cars with a combustion engine in Paris by 2030. European Union (EU) plans to have 30% of all new vehicles to either be all-electric or hybrid to reduce emissions.

Siemens eyes stressed assets space in India
Posted on 11th May 2018
Mumbai: Siemens Ltd, the Indian arm of global engineering giant Siemens AG, is keen on tapping the business opportunity created by stressed assets in the country’s banking system, a senior company executive said.

“These stressed assets are all opportunities that we are looking at. We are working together with banks, we are working together with the government, working with the private players to see how we can participate and make some of these stressed assets much more productive,” Sunil Mathur, managing director and chief executive of Siemens Ltd, told Mint.

Siemens’ sale of mobility division raises questions for minority shareholders
Posted on 23rd February 2018
In a notification to the stock exchanges on Wednesday, Siemens Ltd said it plans to sell its mobility division (which houses businesses linked to transport) along with the rail traction drives business and the mechanical drives business to its parent, Siemens AG or a wholly-owned subsidiary.

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