Latest news with #SEIL
Forbes
a day ago
- Business
- Forbes
Siemens Energy's Demerged India Unit In Stock Exchange Debut, Falls 5%
The Siemens Energy logo on flags at a branch of the company in the Neuperlach district of Munich, ... More Germany (Photo: Matthias Balk) Siemens Energy's demerged Indian unit - Siemens Energy India Limited or 'SEIL' - made its stock exchange debut on Thursday, in a keenly watched emerging market move by the German vendor. The lucrative unit's demerger from its parent company saw it debut at a listing price of ₹2,840 ($32.85) per share on the National Stock Exchange of India, already up 14% on its stated discovery price of ₹2,478. Its demerger price was in the region of ₹2,350. At one point intraday, the stock rose as high as ₹2,982 given the company is expected to be India's largest listed pure-play power transmission and distribution equipment provider. However, at end of day's session the stock closed 5% lower at ₹2,735. SEIL has a firm foothold in India's lucrative and burgeoning, but extremely competitive, energy market. It supports the integration of renewable energy, modernization of the national grid, and decarbonization of key industries. As India pursues its officially stated goal of achieving net-zero emissions by 2070, SEIL said it would be part of the government's 'Make in India' initiative. The company is making what it describes as 'significant investments' in India in expanding its local manufacturing footprint, including an investment of ₹4.6 billion ($53.2 million) in its Kalwa Transformers facility. In addition, SEIL has launched a 'competency hub' to 'foster innovation in energy technologies and position India as a global innovation leader.' (Left to right) Tim Holt, member of the executive board and labour director, Siemens Energy, ... More Guilherme Mendonça, MD and CEO, Siemens Energy India Limited, and Harish Shekar, executive director & Chief Financial Officer, Siemens Energy India Limited ringing National Stock Exchange of India's ceremonial bell, joined by Ashish Chauhan, MD and CEO, National Stock Exchange of India, and Sunil Mathur, chairman of the board, Siemens Energy India Limited, during the listing of Siemens Energy India Limited on the National Stock Exchange on June 19, 2025/ Guilherme Mendonca, managing director and chief executive officer of SEIL, said: "With this listing we reaffirm our long-standing commitment to India's energy future. As India advances toward becoming a $7 trillion economy, a strong and resilient energy system will be essential. "Siemens Energy India Limited with its dedicated team is ready to support this important journey for India and its people.' Furthermore, the company which employs more than 4,000 professionals, has ten manufacturing sites and eleven regional offices, also serves neighboring countries in the South Asian subcontinent including Bhutan, Nepal, Sri Lanka and Maldives. SEIL's successful listing is also welcome news for Siemens itself and its Siemens Energy sub-unit from which the Indian unit demerged and listed on Thursday. Depending on the stock's performance, a substantial windfall may follow. As things stand, Siemens subsidiaries hold 69% in SEIL and the subsidiaries of Siemens Energy hold 6% in Siemens Energy India Limited, with the remainder in free float for retail and institutional investors alike. It is a marked contrast Siemens Energy's wind unit - Siemens Gamesa - which has been buffeted by operational headwinds and losses in the face of competition from Chinese rivals who often undercut it on prices, as acknowledged by CEO Christian Bruch last year. That unit posted another quarterly loss in April of €249 million ($285 million). Ironically, the figure included a loss from disposal of a majority stake of Siemens Gamesa's Indian (and Sri Lankan) wind business. That happened in March, when Siemens Gamesa divested 90% of the business to a TPG-led investor group, while retaining a 10% stake. The deal included transferring approximately 1,000 employees and two manufacturing plants in India to the new company. However, Siemens Energy, via Gamesa, will continue to support the new entity through a long-term technology licensing agreement.
Business Standard
a day ago
- Business
- Business Standard
Siemens Energy India lists strong, but gains fizzle
Shares of Siemens Energy India Ltd (SEIL), the newly demerged energy business of Siemens, made a debut on the bourses today. The stock listed at Rs 2,840 on the NSE, higher than the discovered price of Rs 2,478.20, and at Rs 2,850 on the BSE, versus a discovered price of Rs 2,368.80. It quickly surged to hit its upper circuit limits of Rs 2,982 on the NSE and Rs 2,992.45 on the BSE. However, the initial rally was short-lived. By afternoon trade, SEIL was quoting at Rs 2,698 on the NSE and Rs 2,707.50 on the BSE, down 5% from its respective opening levels. SEIL's listing follows the completion of its demerger from Siemens India, which became effective on March 25, 2025. Shareholders received 1:1 shares in SEIL for every Siemens India share held. Guilherme Vieira De Mendonca, former head of Siemens India's energy division, has taken over as managing director and CEO of the newly listed entity. Harish Shekar steps in as executive director and CFO, while Sunil Mathur will chair the board. Siemens Energy India is now India's largest pure-play listed power transmission and distribution (T&D) equipment company, boasting a market cap exceeding $10 billion, according to Jefferies. This places it ahead of peers like Hitachi and GE Vernova, with market caps between $6.89.6 billion. The company offers end-to-end solutions across the energy spectrum, ranging from conventional and renewable power generation, hybrid hydrogen-based power plants, to transmission equipment such as generators and transformers.
Time of India
a day ago
- Business
- Time of India
Siemens Energy India makes market debut; to invest ₹460 cr in Kalwa facility
New Delhi: Siemens Energy India Limited (SEIL), the energy arm of Siemens Limited, was listed on the BSE and the National Stock Exchange (NSE) on Thursday, completing the separation and listing of the company. Siemens AG and its subsidiaries hold 69 per cent stake in SEIL, while Siemens Energy AG subsidiaries own another 6 per cent. The remaining shares are in free float. SEIL currently employs more than 4,200 people and operates ten manufacturing facilities and eleven regional offices. The company also serves neighbouring countries including Nepal, Bhutan, Sri Lanka and the Maldives. SEIL has completed its 1,700th steam turbine at its Vadodara factory and contributed to India's first high-voltage direct current (HVDC) transmission link using voltage-sourced converter (VSC) technology. 'As India advances toward becoming a $7 trillion economy, a strong and resilient energy system will be essential. Siemens Energy India Limited with its dedicated team is ready to support this important journey for India and its people,' said Guilherme Mendonca, Managing Director and Chief Executive Officer, Siemens Energy India Limited. As part of the Make in India initiative , SEIL announced an investment of ₹460 crore in its Kalwa Transformers facility. The company has also established a Competency Hub to support innovation in energy technologies. SEIL reported that more than 55 per cent of campus hires in FY25 were women. The company launched its first all-women manufacturing line at its Aurangabad facility and inducted its first women team at the Kalwa Transformer unit. SEIL said it is focused on promoting diversity and inclusion across its workforce, and has initiated targeted development programmes to strengthen gender representation in leadership roles.
News18
a day ago
- Business
- News18
Siemens Energy Makes Market Debut At Rs 2,840; M-Cap Surges Past Rs 1 Lakh Crore
Last Updated: Siemens Energy Share Price: Shares of Siemens Energy India Ltd (SEIL) debuted at Rs 2,840 during the special opening session on Thursday Siemens Energy Share Price: Shares of Siemens Energy India Ltd (SEIL) debuted at Rs 2,840 during the special opening session on Thursday, June 19, 2025, valuing the newly listed entity at a market capitalization of Rs 1.01 lakh crore. The company was demerged from Siemens Ltd on April 7, 2025, and was previously valued at Rs 2,368.8 per share. In a regulatory filing on June 18, Siemens Ltd confirmed that SEIL had received approvals from both the BSE and NSE for listing and trading of its equity shares from June 19. The stock will trade under the scrip ID ENRIN and be listed in the 'T' group, which restricts intraday trading and limits daily price movement to a 5% circuit for the first 10 sessions. SEIL has emerged as India's largest listed pure-play power transmission and distribution (T&D) company, overtaking peers such as Hitachi Energy and GE Vernova. Shareholders of Siemens Ltd received SEIL shares in a 1:1 ratio as part of the demerger process. SEIL focuses on the transmission and distribution segment and small-sized turbines and is well-positioned to benefit from India's growing energy infrastructure needs. According to Motilal Oswal Financial Services, margins have already shown improvement in the first five months of FY25. The brokerage expects a 25% revenue CAGR and 31% PAT CAGR over FY25–27, with EBITDA margins rising to 21.4% by FY27. It values the stock at 60x FY27 earnings, assigning a target price of ₹3,000 and has resumed coverage with a 'Buy' rating. HDFC Securities echoed a bullish outlook, highlighting SEIL's strong positioning in decarbonization, power generation, grid automation, and clean energy solutions such as green hydrogen and battery storage. It noted that Siemens Energy has historically delivered solid margins, clocking 22.6% EBITDA in H1FY25. HDFC also gave a 'Buy' call with a target of Rs 3,000, based on 60x Sep-27 estimated earnings. Jefferies had earlier projected a listing price in the range of Rs 2,995–Rs 3,711, noting SEIL's potential to trade at a 60x P/E on March 2027E EPS, a slight premium over Siemens Ltd's non-energy businesses. Its base case target price stands at Rs 3,350. However, brokerages flagged potential risks including a slowdown in order inflows, supply chain challenges, rising fixed costs, and a possible softening of the capex cycle that could impact profitability. First Published:
Business Upturn
2 days ago
- Business
- Business Upturn
Siemens Energy India gets NSE & BSE approval for listing & trading its equity shares effective June 19
By Aditya Bhagchandani Published on June 18, 2025, 20:54 IST Siemens Limited has officially announced that its subsidiary, Siemens Energy India Limited (SEIL), will be listed on the stock exchanges on Thursday, June 19, 2025. The equity shares will be admitted to trading on both BSE and NSE, following approvals from the exchanges. In a filing, Siemens stated: 'SEIL has informed Siemens Limited today that SEIL has received approval from BSE Limited and the National Stock Exchange of India Limited for listing and trading of its equity shares effective 19th June, 2025.' The listing follows the Scheme of Arrangement initiated last year to demerge the energy business from Siemens Limited, a move intended to unlock shareholder value and enhance business focus. Key listing details: Listing Date: Thursday, June 19, 2025 Special Pre-open Session: 9:15 AM – 9:45 AM Regular Trading Begins: 10:00 AM Segment: 'T' Group (Trade-for-Trade) for the first 10 sessions ISIN: INE1NPP01017 Number of Shares: 35.6 crore Price Discovery: While a dummy price of ₹2,478/share was discovered on April 7, 2025, this was for indicative purposes. Fresh price discovery will occur on listing day during the pre-open session, which will determine the actual opening price for SEIL shares. This marks a significant step for Siemens' energy business in India, offering shareholders a direct avenue to invest in one of the country's key energy solutions providers. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
