Siemens consortium gets Rs 4,100-crore order from National High Speed Rail Corp, shares rise 3%

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26 Aug, 2025 12:21

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Siemens shares rose nearly 3 percent on June 17 after the company announced that its consortium has received a Rs 4,100-crore order from National High Speed Rail Corporation Limited (NHSRCL). The shares of the company were trading at Rs 3,361 apiece in the afternoon.

Siemens announced in an exchange filing that the consortium, which is led by Dineshchandra R Agrawal Infracon Private Limited, Siemens Limited and Siemens Mobility GmbH, has received the order from the NHSRCL, the agency which is working on implementing India's first High-Speed rail project. Siemens alone will have a share of Rs 1,230 crore for the design, installation and long-term maintenance of advanced signaling and telecommunications technologies, as part of the project.

As part of the contract, Siemens will implement globally recognized signaling standard European Train Control System (ETCS) Level 2 and other 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," the company said.

The said project is scheduled to be executed over a period of 54 months, and Siemens will provide 15 years of maintenance services as part of the contract.

Sunil Mathur, Managing Director and Chief Executive Officer of Siemens, said, "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."

Siemens shares have gained over 8 percent in the past one month. However, the stock has dropped over 49 percent in 2025 so far, and nearly 57 percent in the past one year.

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