Siemens Ltd. has secured a new contract from Titagarh Rail Systems Ltd. for the Pune Metro Rail Project extension, strengthening its presence in India’s urban mobility sector.
Following the announcement, Siemens shares traded at Rs 3,649, up 1.31 percent, after opening at Rs 3,611 and touching an intraday high of Rs 3,669. Shares worth over Rs 41.55 crore changed hands during the session.
Scope of the contract
Under the agreement, Siemens will design, manufacture and supply propulsion systems and Train Control & Monitoring Systems (TCMS) for 12 metro trainsets.
The company will also provide warranty support.
The scope includes:
- Traction converters
- Auxiliary converters
- Traction motors
- Train Control & Monitoring Systems (TCMS)
These systems are responsible for train performance, operational safety and energy efficiency.
Focus on domestic manufacturing
Siemens said the project aligns with the government’s Make in India initiative.
The company plans to manufacture the propulsion systems and rail technologies through its domestic facilities, including manufacturing units in Maharashtra.
According to the company’s mobility business, expanding indigenous manufacturing capabilities remains an important focus as investment in transport infrastructure increases.
Project important for Titagarh Rail Systems
Pune Metro was Titagarh Rail Systems’ entry point into passenger rail manufacturing.
The project also introduced India’s first aluminium-bodied metro coaches.
The 12 trainsets for the extension project will continue to use lightweight aluminium coaches.
Combined with Siemens’ propulsion technology, the system is expected to improve energy efficiency and reduce power consumption.
Mobility business continues to grow
The mobility segment has emerged as one of Siemens’ fastest-growing businesses in India.
During Q2 FY26, the division recorded 34 percent year-on-year revenue growth.
The company is also executing the €3 billion 9,000 HP locomotive project for Indian Railways, providing revenue visibility over the long term.
Titagarh Rail Systems expands passenger rail business
Titagarh Rail Systems has been increasing its focus on passenger rail manufacturing.
According to the company:
- Profit grew 68 percent recently.
- The stock has delivered more than 120 percent returns over the last year.
Stock performance
As of June 16, Siemens had a market capitalization of nearly Rs 1.3 lakh crore.
The stock trades at a price-to-earnings ratio of more than 100 and remains close to its 52-week high of Rs 3,937.
Shares have gained more than 18 percent so far this year.
About the company
Siemens Ltd. operates across:
- Industry
- Infrastructure
- Digital technologies
- Mobility solutions
The company provides automation, electrification and transportation technologies and is involved in several railway and infrastructure projects across India.
TL;DR:
Siemens has won a contract from Titagarh Rail Systems to supply propulsion and train control systems for 12 trainsets under the Pune Metro extension project. The systems will be manufactured in India, supporting the Make in India initiative.
AI Summary:
- Siemens secured a Pune Metro extension order from Titagarh Rail Systems.
- The contract covers propulsion systems and TCMS for 12 trainsets.
- Manufacturing will be carried out through Siemens’ facilities in India.
- Siemens’ mobility business recorded 34% revenue growth in Q2 FY26.
- The stock traded at Rs 3,649 on June 16.
