Siemens Ltd announced that a consortium led by Dineshchandra R Agrawal Infracon Pvt Ltd, along with Siemens Ltd and Siemens Mobility GmbH, has won a ₹4,100 crore contract from the National High Speed Rail Corporation Limited (NHSRCL).
The contract is for work on India’s first bullet train project, the Mumbai-Ahmedabad High-Speed Rail corridor.
Siemens-Led Consortium Wins ₹4,100 Crore Contract for Mumbai-Ahmedabad Bullet Train Project; Shares Rise 2.46%
Siemens Ltd shares are currently trading at ₹3,352.00, reflecting a rise of ₹80.50 or 2.46%.
Siemens Ltd’s portion of the contract is valued at ₹1,230 crore and involves designing, installing, and maintaining advanced signalling and telecommunication systems.
The project will be executed over 54 months, with Siemens also providing 15 years of maintenance support to ensure long-term reliability.
Siemens will use European Train Control System (ETCS) Level 2-based signalling and train control technology for this project.
ETCS Level 2 to Power 350 km/h Bullet Trains with Real-Time Supervision and Centralised Control
The ETCS Level 2 system supports train speeds of up to 350 km/h and enables real-time train supervision, constant wireless communication, and centralised traffic control.
Siemens Ltd Managing Director and CEO Sunil Mathur 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.”
The Mumbai-Ahmedabad bullet train corridor is a central part of the National Rail Plan 2030, which focuses on modernising India’s rail infrastructure and enhancing high-speed connectivity.
ETCS Level 2 is a globally recognized signalling standard already in use in over 50 countries.
In November 2024, Siemens, the German tech giant, was reportedly planning to cut up to 5,000 jobs globally in its factory automation sector, reflecting the impact of ongoing geopolitical and macroeconomic challenges. While the exact number is yet to be finalized, CEO Roland Busch emphasized the necessity of restructuring to address falling performance metrics.
