Siemens zooms 9%, hits all-time high on energy biz spin-off plan
Siemens AG to buy 18% stake in India JV from Siemens Energy AG for ₹18,968 cr
Siemens AG to buy 18% stake in India JV from Siemens Energy AG for ₹18,968 cr
Deal to strengthen the balance sheet of energy arm Siemens Energy and will have no impact on its India operations
In a boost to Make in India, Siemens India will make and maintain 1,200 high horsepower (9,000 HP) electric freight locomotives at the railways' factory at Dahod, Gujarat.