Latest news with #SunilMathur
India.com
4 days ago
- Business
- India.com
Good news India's first bullet train project... Siemens consortium bags contract for..., its worth...
Good news India's first bullet train project... Siemens consortium bags contract for..., its worth... Ahmedabad-Mumbai bullet train: In a major development in the India's first bullet train project between Ahmedabad and Mumbai a Siemens consortium has now been awarded the contract for signalling and telecom systems on the high-speed rail corridor by National High Speed Rail Corporation Limited. The Mumbai-Ahmedabad High-Speed Rail Corridor, India's first bullet train project, is currently under construction, aiming to significantly reduce travel time between the two major cities. The project is expected to be completed by 2028. The contract is for implementing advanced signalling and telecommunication systems for the Mumbai-Ahmedabad bullet train initiative. Siemens will deploy European Train Control System (ETCS) Level 2-based signalling and train control systems under the contract. These systems support train speeds up to 350 km/h, provide real-time monitoring, ensure continuous wireless connectivity and offer centralised traffic control capabilities. The ETCS Level 2 signalling standard has been successfully implemented across more than 50 nations worldwide. The National High Speed Rail Corporation Limited (NHSRCL) serves as the organisation responsible for executing India's first high-speed bullet train project. 'The order valued at approximately Rs. 4,100 crores, includes Siemens Limited's share of Rs 1,230 crore for the design, installation, and long-term maintenance of advanced signaling and telecommunications technologies,' according to an official statement released by Siemens Limited. The statement further said, 'The project is expected to be executed over a period of 54 months, with Siemens providing 15 years of maintenance services, ensuring lifecycle reliability.''As a consortium, we are proud to partner with National High Speed Rail Corporation Limited, in the prestigious high-speed rail project. This project reflects our commitment to 'Make in India' and delivering technologies that promote sustainable and future-ready mobility,' Sunil Mathur, managing director and chief executive officer, Siemens Limited, said.
Hans India
5 days ago
- Business
- Hans India
Siemens consortium to equip India's first High-Speed Rail project with advanced signaling and telecommunication technologies
The consortium led by Dineshchandra R Agrawal Infracon Private Limited, Siemens Limited, and Siemens Mobility GmbH has been awarded a landmark contract by National High Speed Rail Corporation Limited (NHSRCL)—the implementing agency for India's first High-Speed rail project. The order valued at approximately Rs. 4,100 crores, includes Siemens Limited's share of Rs. 1,230 crore for the design, installation, and long-term maintenance of advanced signaling and telecommunications technologies. The project is expected to be executed over a period of 54 months, with Siemens providing 15 years of maintenance services, ensuring lifecycle reliability. Under the scope, Siemens will implement European Train Control System (ETCS) Level 2-based signaling and train control technologies. The technologies will be designed to support train operations at speeds up to 350 km/h, enabling real-time train supervision, continuous wireless communication, and centralized traffic management. Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Limited, said, 'As a consortium, we are proud to partner with National High Speed Rail Corporation Limited, in the prestigious high-speed rail project. This project reflects our commitment to 'Make in India' and delivering technologies that promote sustainable and future-ready mobility.'
Time of India
5 days ago
- Business
- Time of India
India's first bullet train project gets a boost! Siemens consortium bags contract for ETCS Level 2 signalling; order valued at Rs 4,100 crore
Siemens will deploy ETCS Level 2-based signalling and train control systems under the contract. (AI image) India's first bullet train project between Ahmedabad and Mumbai is on track despite several delays. A Siemens consortium has now been awarded the contract for signalling and telecom systems on the high-speed rail corridor by National High Speed Rail Corporation Limited. The consortium comprising Dineshchandra R Agrawal (DRA) Infracon Private Limited, Siemens Limited and Siemens Mobility GmbH has secured the contract for implementing advanced signalling and telecommunication systems for the Mumbai-Ahmedabad bullet train initiative. Siemens will deploy European Train Control System (ETCS) Level 2-based signalling and train control systems under the contract. These systems support train speeds up to 350 km/h, provide real-time monitoring, ensure continuous wireless connectivity and offer centralised traffic control capabilities. The ETCS Level 2 signalling standard has been successfully implemented across more than 50 nations worldwide. Also Read | Great news for waitlisted passengers! Indian Railways starts trial for train charts; get to know status of your ticket 24 hours before departure The National High Speed Rail Corporation Limited (NHSRCL) serves as the organisation responsible for executing India's first high-speed bullet train project. "The order valued at approximately Rs. 4,100 crores, includes Siemens Limited's share of Rs 1,230 crore for the design, installation, and long-term maintenance of advanced signaling and telecommunications technologies," according to an official statement released by Siemens Limited. The statement further said, "The project is expected to be executed over a period of 54 months, with Siemens providing 15 years of maintenance services, ensuring lifecycle reliability." "As a consortium, we are proud to partner with National High Speed Rail Corporation Limited, in the prestigious high-speed rail project. This project reflects our commitment to ' Make in India ' and delivering technologies that promote sustainable and future-ready mobility," Sunil Mathur, managing director and chief executive officer, Siemens Limited, said. Also Read | New Tatkal ticket booking rules 2025: Indian Railways announces compulsory Aadhaar authentication from July 1; what it means for passengers Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
5 days ago
- Automotive
- Time of India
Mumbai-Ahmedabad High-Speed Rail Corridor: Siemens Consortium Secures ₹4,100 Crore Signalling Deal for Mumbai-Ahmedabad Bullet Train, ET Infra
Advt ETCS Level 2 to support 350 km/h operations By , ETInfra The National High Speed Rail Corporation Limited (NHSRCL) has awarded a ₹4,100-crore contract to a consortium comprising Dineshchandra R Agrawal Infracon, Siemens, and Siemens Mobility GmbH. The contract covers the signalling and telecommunications systems for the Mumbai-Ahmedabad High-Speed Rail corridor , a key component of India's National Rail Plan the total order value, Siemens's share stands at ₹1,230 crore. The company will be responsible for the design, installation, and long-term maintenance of European Train Control System (ETCS) Level 2-based signalling and train control technologies. The execution period is 54 months, with Siemens also tasked with providing maintenance services for 15 ETCS Level 2 system to be deployed by Siemens is designed to support train operations at speeds up to 350 km/h. It enables real-time train supervision, continuous wireless communication, and centralised traffic management. ETCS Level 2 is currently operational in more than 50 the contract award, Sunil Mathur, managing director and CEO of Siemens, said, 'As a consortium, we are proud to partner with National High Speed Rail Corporation Limited, in the high-speed rail project. This project reflects our commitment to ' Make in India ' and delivering technologies that promote sustainable and future-ready mobility.'
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Business Standard
5 days ago
- Business
- Business Standard
Siemens shares rise 3% on bagging ₹4,100-crore high speed rail project
Siemens share price gained 2.8 per cent in trade on Tuesday, June 17, 2025, logging an intraday high at ₹3365.4 per share on BSE. At 11:36 AM, Siemens shares were trading 2.66 per cent higher at ₹3,358 per share on the BSE. In comparison, the BSE Sensex was down 0.33 per cent at 81,523.28. The company's market capitalisation stood at ₹1,19,585.27 crore. Its 52-week high was at ₹4,772.28 per share and 52-week low was at ₹2,490 per share. Why is Siemens stock in demand? A consortium of Dineshchandra R Agrawal Infracon, Siemens Limited (India), and Siemens Mobility GmbH (Germany) has secured a major contract from National High-Speed Rail Corporation Ltd. (NHSRCL)—the agency behind India's first bullet train. The order is valued at ₹4,100 crore, and includes Siemens' share of ₹1,230 crore for the design, installation, and long-term maintenance of advanced signaling and telecommunications technologies. The project is expected to be executed over a period of 54 months, with Siemens providing 15 years of maintenance services, ensuring lifecycle reliability. Under the contract, Siemens will implement European Train Control System (ETCS) Level 2-based signaling and train control technologies. The technologies will be designed to support train operations at speeds up to 350 km/h, enabling real-time train supervision, continuous wireless communication, and centralised traffic management. 'As a consortium, we are proud to partner with National High-Speed Rail Corporation Limited, in the prestigious highspeed rail project. This project reflects our commitment to 'Make in India' and delivering technologies that promote sustainable and future-ready mobility," said Sunil Mathur, managing director and chief executive officer, Siemens. About Siemens Siemens is a technology company focused on industry, infrastructure and mobility. By combining the real and the digital worlds, Siemens empowers customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more livable, and transportation more sustainable. In fiscal 2024, which ended on September 30, 2024, Siemens Limited (continuing operations) generated consolidated revenue of around ₹16,000 crore and employed over 6,200 people.
