NEWS

Siemens bags Rs 377 crore order from Indian Railways' Diesel Locomotive Works

Tuesday, Dec 08, 2015

Siemens Limited has bagged an order worth Rs 377 crore from Indian Railways' Diesel Locomotive Works (DLW), Varanasi for supply of traction motors.

"Siemens Ltd...has won a crucial order approximately worth Rs 377 crore from Indian Railways' DLW, Varanasi", the company said in a filing to the BSE.

The scope of work involves supply of 1,890 traction motors for 4,500 HP Diesel Electric Locomotives, the filing further said.

Siemens had reported a 49.8 per cent plunge in standalone net profit at Rs 219.13 crore for the quarter ended September 30.

The company had reported a standalone net profit after tax of Rs 436.78 crore in the year-ago period.

The standalone net sales of the company increased to Rs 3,231.30 crore from Rs 3,111.27 crore in the year-ago period, it said.

 

economictimes.indiatimes.com

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