This Article is From Dec 07, 2015

Siemens Bags Rs 377-Crore Order From Diesel Locomotive Works

Siemens Bags Rs 377-Crore Order From Diesel Locomotive Works

New Delhi: Siemens Limited has bagged an order worth Rs 377 crore from Indian Railways' Diesel Locomotive Works (DLW), Varanasi for supply of traction motors.

"Siemens Ltd...has won a crucial order approximately worth Rs 377 crore from Indian Railways' DLW, Varanasi," the company said in a filing to the BSE.

The scope of work involves supply of 1,890 traction motors for 4,500 HP Diesel Electric Locomotives, the filing further said. Siemens had reported a 49.8 per cent plunge in standalone net profit at Rs 219.13 crore for the quarter ended September 30.

The company had reported a standalone net profit after tax of Rs 436.78 crore in the year-ago period.

The standalone net sales of the company increased to Rs 3,231.30 crore from Rs 3,111.27 crore in the year-ago period, it said.

.