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    SIEMENS   INE003A01024

SIEMENS LTD

(SIEMENS)
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Siemens : to deliver digitalized switchgears to 3 Steel manufacturers from Jalna, Maharashtra

06/16/2021 | 10:08am EDT

Siemens Limited will deliver advanced power transmission equipment with integrated digital technologies to steel manufacturers from Jalna MIDC belt, Maharashtra, namely, Icon Steel, Geetai Steels and Gajkesari Steels & Alloys.

The installation includes 11 bays of state-of-the-art 132 kilovolts (kV) Gas Insulated Switchgears (GIS) which have a modular design and will enable increased efficiency, reduced operational costs and ensure safe operations even under extreme environmental conditions.

The Gas Insulated Switchgears will be designed as Sensgear devices, first of its kind digitalized substation products that offer valuable data analytics applications for the transmission industry, manufactured at Siemens' Aurangabad Factory and based on digitalization solution from Siemens globally. Sensgear devices have a smart and robust IoT gateway securely transmitting the minimum amount of required information to a cloud-based storage and visualization platform, providing operators with a comprehensive and quick overview about their assets. Through fast and efficient collection, analysis and usage of mass data produced by the Gas Insulated Switchgears in real time, asset related decisions will be facilitated resulting in improved performance and optimized operations.

Gerd Deusser, Executive Vice President and Head, Energy, Siemens Limited, said: 'We are committed to drive the energy transition to enable more sustainable, reliable and productive ecosystems through our technologies. With enhanced data analytics, Sensgear devices will help our customers improve efficiency and sustainability of assets and operations.'

Siemens Limited focuses on intelligent infrastructure for buildings and distributed energy systems and on automation and digitalization in the process, discrete & hybrid manufacturing industries. The Company brings together the digital and physical worlds to benefit customers and society. It offers broad expertise across the entire energy value chain, along with a comprehensive portfolio for utilities, independent power producers, transmission system operators, the oil and gas industry, and other energy-intensive industries. With its products, solutions, systems, and services, it addresses the needs of energy transition, including storage and sector-coupling solutions. It is also a supplier and service provider of intelligent mobility solutions for rail, road and inter-modal transport for passenger and freight services. Siemens Limited is the flagship listed company of Siemens AG in India. As of September 30, 2020, Siemens Limited had Revenue from continuing operations of INR 9,581 crore and 9,258 employees.

Forward-looking statements

This document contains forward-looking statements based on beliefs of Siemens' management. The words 'anticipate', 'believe', 'estimate', 'forecast', 'expect', 'intend', 'plan', 'should', and 'project' are used to identify forward looking statements. Such statements reflect the company's current views with respect to the future events and are subject to risks and uncertainties. Many factors could cause the actual result to be materially different, including, amongst others, changes in the general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services, and changes in business strategy. Actual results may vary materially from those projected here. Siemens does not intend to assume any obligation to update these forward-looking statements.

Contact:

Praneet Mendon

Tel: +91 22 6251 7000

Email: praneet.mendon@siemens.com

(C) 2021 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
SIEMENS AG 2.85% 146.02 Delayed Quote.20.81%
SIEMENS LTD 1.56% 2169.55 Delayed Quote.35.59%
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Financials
Sales 2021 130 B 1 759 M 1 759 M
Net income 2021 11 380 M 154 M 154 M
Net cash 2021 49 405 M 670 M 670 M
P/E ratio 2021 68,2x
Yield 2021 0,40%
Capitalization 773 B 10 472 M 10 474 M
EV / Sales 2021 5,57x
EV / Sales 2022 4,75x
Nbr of Employees 9 258
Free-Float 24,8%
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Sunil Dass Mathur Chief Executive Officer, MD & Executive Director
Daniel Gerold Spindler Chief Financial Officer & Executive Director
Deepak Shantilal Parekh Non-Executive Chairman
Ketan Nandakishor Thaker Secretary & Compliance Officer
Mehernosh Behram Kapadia Independent Non-Executive Director
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