ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

A+| A| A-

BLUE STAR-New Projects

EPW Research Foundation SIEMENS (India) Opportunities in Power SIEMENS (INDIA), with its core competency in the infrastructure sector of power, telecom and transportation, has declared a dividend of 45 per cent in 1993-94 against 35 per cent in the previous year. The government's decision to throw open power to the private sector has been welcomed by Siemens. The company came out with a rights issue, enhancing its capital base. Net sales were up by 32 per cent, while profit after tax moved up by 27 per cent. The company bagged export orders from Malaysia, Indonesia and Egypt. Siemens AG and the company together have secured the contract from the Gujarat Torrent Energy Corporation for the execution of a 655 MW dual fuel combined cycle power plant to be set up at Gandhar near Bharueh in Gujarat. Siemens also has the largest share of the power equipment market in India, with 50 per cent of the country's installed power generation capacity being Siemens technology.

Dear Reader,

To continue reading, become a subscriber.

Explore our attractive subscription offers.

Click here

Back to Top