Siemens shares rise 3% on bagging ₹4,100-crore high speed rail project

Siemens Ltd.’s shares rose 3% after its consortium, including Dineshchandra R Agrawal Infracon and Siemens Mobility GmbH, secured a ₹4,100 crore contract from the National High Speed Rail Corporation Ltd. (NHSRCL) for India’s first bullet train project. Siemens’ share is ₹1,230 crore, covering design, installation, and 15-year maintenance of advanced signaling and telecommunication systems, including European Train Control System (ETCS) Level 2 technology, for the Mumbai-Ahmedabad High-Speed Rail corridor. The project, spanning 54 months, supports train speeds up to 350 km/h. The stock hit an intraday high of ₹3,364 on the BSE, with a market cap of ₹1,19,585.27 crore.

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