Siemens board approves demerger of energy biz into separate listed entity
Shareholders of Siemens will receive one share of Siemens Energy India for every one share of Siemens.
Shareholders of Siemens will receive one share of Siemens Energy India for every one share of Siemens.
The automation company will sell its low voltage motors and geared motors businesses for cash consideration of ₹2,200 crore.
Siemens shares closed marginally lower at ₹2,805 on Wednesday, after hitting an all-time high of ₹2,849 in intraday trade on the BSE.
Shares of RIL, L&T, MTAR Tech gained up to 4% on hopes that these companies will benefit from the green hydrogen policy announced by the government on Thursday.
Budget 2022: FM announced that 100 PM Gati Shakti cargo terminals to be developed, and 400 Vande Bharat trains to be built in the next three years.
The rail stocks likely to be in focus today include IRCTC, Titagarh Wagons, Texmaco Rail and Engineering, BEML, and Siemens.
Siemens is focussing on digitalisation of physical processes to future-proof its customers’ businesses, as well as its own.
It’s the technology of the future which is still in its infancy in the country. But constant innovation and developments in the field have made 3D printing a game changer.
Harnessing digitalisation to optimise manufacturing is what will drive growth, and Siemens India says despite macro economic challenges facing India, the opportunities in the space are immense.