Siemens Energy India Reports Strong Order Growth, Approves Rs. 2,060 Crore Transformer Factory to Support Energy Transition

Siemens Energy India Reports Strong Order Growth, Approves Rs. 2,060 Crore Transformer Factory to Support Energy Transition

The Electrical Post 

Mumbai: Siemens Energy India Limited has reported a strong financial and operational performance following the successful demerger of Siemens Limited's Energy business, while announcing a Rs. 2,060 crore investment in a new large power transformer manufacturing facility to support growing domestic and global demand.

Located in 90 countries, Siemens Energy operates across the whole energy landscape. From conventional to renewable power, from grid technology to storage to electrifying complex industrial processes.

Addressing the company's second Annual General Meeting on February 13, 2026, Chairman Sunil Mathur said the successful demerger and subsequent listing of Siemens Energy India on the BSE and National Stock Exchange marked the company's most significant achievement during the year. According to him, the restructuring has created a pure-play energy technology company operating across the entire energy value chain, enabling greater customer focus, improved agility and enhanced shareholder value.

For FY2025, Siemens Energy India received new orders worth Rs. 13,114 crore, a sharp increase from Rs. 5,353 crore in the previous reporting period. The company's order backlog stood at Rs. 16,206 crore as of September 30, 2025, providing strong revenue visibility.

Sales, excluding other operating revenues, rose to Rs. 7,783 crore from Rs. 4,731 crore recorded in the previous period. Profit Before Tax increased to Rs. 1,488 crore compared with Rs. 806 crore, reflecting significant improvement in business performance following the demerger.

Highlighting the Indian power sector outlook, Mathur said the country is witnessing a major transformation driven by GDP growth of more than 6.5%, increasing industrialisation, higher public capital expenditure and expanding domestic consumption. These factors are fueling a long-term electrification cycle, while per capita energy consumption continues to rise by nearly 11% annually, despite remaining only about one-third of the global average.

He noted that India's electricity demand is projected to increase significantly, with consumption expected to rise from around 590 TWh in 2023 to nearly 2,500 TWh by 2032. To meet this growing demand, power generation capacity is expected to nearly double from 501 GW in 2025 to 997 GW by 2032, with renewable energy accounting for a substantial share of the capacity additions.

The expansion in generation capacity will also require major investments in transmission infrastructure. Transmission capacity is projected to increase from 1,382 GVA in 2025 to 2,412 GVA by 2032, supported by an estimated investment of Rs. 9.16 lakh crore. According to Mathur, this growth will require resilient grid infrastructure, advanced grid stabilisation technologies, greater digitalisation and stronger cybersecurity capabilities.

He also emphasized the need to modernise India's existing thermal power fleet of more than 243 GW through flexibilisation and efficiency improvements to facilitate renewable energy integration while reducing carbon emissions.

Looking ahead, Mathur expressed optimism that macroeconomic developments, including the recently signed India-European Union Free Trade Agreement and the trade agreement with the United States, would create new opportunities for technology collaboration and exports. He also welcomed the Government's continued focus on long-term economic growth and structural reforms reflected in the Union Budget 2026-27.

Sharing the company's first-quarter performance for the period ended December 31, 2025, Mathur said Siemens Energy India reported revenue from operations of Rs. 1,911 crore, representing a 26% increase over the corresponding quarter of the previous year. During the quarter, the company secured new orders worth Rs. 3,343 crore, while Profit After Tax increased 35% year-on-year to Rs. 313 crore.

To support the growing demand for power equipment, the Board approved an investment of Rs. 2,060 crore for establishing a new large power transformer manufacturing facility. According to the company, the investment reinforces its long-term commitment to India's clean energy transition by developing efficient, digital and Made-in-India solutions that will serve both domestic and international markets.
 

Published at : Sep 12, 2026 08:36 AM (IST)

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