Siemens Mobility Wins $3.25 Billion Contract for Locomotives, Maintenance From Indian Railways
January 16 2023 - 8:16AM
Dow Jones News
By Pierre Bertrand
Siemens AG on Monday said that its mobility unit received its
largest-ever order of locomotives, which are destined for India,
for an overall contract value of approximately $3.25 billion.
The German industrial company said its mobility unit received an
order for 1,200 electric locomotives from Indian Railways. The unit
will design, manufacture, commission and test the locomotives and,
as part of the contract, will also provide 35 years worth of
service and maintenance.
The delivery of the locomotives is planned over an 11-year
period, Siemens said.
Write to Pierre Bertrand at pierre.bertrand@wsj.com
(END) Dow Jones Newswires
January 16, 2023 08:01 ET (13:01 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Siemens (TG:SIE)
Historical Stock Chart
From Mar 2024 to Apr 2024
Siemens (TG:SIE)
Historical Stock Chart
From Apr 2023 to Apr 2024
