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.
