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Discover how their new 100,000 MTPA Vasai facility drives engineering innovation and infrastructure growth.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Ftembo-global-industries-opens-new-vasai-facility-boosts-capacity-to-100000-mtpa-0tSB5k.png","2026-07-31T02:07:26+05:30",{"title":74,"slug":75,"excerpt":76,"imageUrl":77,"publishedAt":78,"author":11,"category":12},"N.A.N. MagneTech to Invest INR 1,250 Cr in NdFeB Magnet Plant","nan-magnetech-to-invest-inr-1250-cr-in-ndfeb-magnet-plant","N.A.N. 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The transaction also aims at establishing an export hub.\u003C\u002Fp>\r\n\u003Cp style=\"text-align: left;\">The Competition Commission of India’s regulatory approval was received on August 20, 2020, and the company has acquired 99.22% (approximately) of C&S Electric from its promoters for ₹ 2,100 crore.\u003C\u002Fp>\r\n\r\n\u003Cp style=\"text-align: left;\">For more information: \u003Cstrong>www.new.siemens.com\u003C\u002Fstrong>\u003C\u002Fp>","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMarch2021\u002Fs5Fk03SOd4n3YbpaxsVM.jpg","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fsocial\u002Fhorizontal\u002Fposts\u002FMarch2021\u002Fs5Fk03SOd4n3YbpaxsVM.jpg","2021-03-04T06:18:39+05:30",0,"Siemens Ltd has officially finalized its acquisition of C&S Electric to bolster its electrical equipment portfolio in the Indian market.\nThe acquisition will address the growing demand for low-voltage power distribution solutions across the region.\nSiemens plans to leverage this investment to establish a strategic export hub in India for future business operations.","Big moves in the energy sector: Siemens Ltd has completed its acquisition of C&S Electric, securing a 99.22% stake in the prominent Indian manufacturer. This strategic move, valued at ₹2,100 crore, marks a significant milestone for Siemens as it looks to capture the expanding low-voltage power distribution market in India. Beyond domestic growth, the company aims to utilize this acquisition to develop a robust export hub, strengthening its global supply chain capabilities. As the industrial landscape in India continues to evolve, this integration highlights a clear commitment to local manufacturing excellence and enhanced technological distribution. We look forward to seeing how this partnership shapes the future of the regional electrical infrastructure market. #Siemens #CSElectric #IndustryNews #PowerDistribution #ManufacturingExcellence","Major industry news: Siemens completes its acquisition of C&S Electric to boost low-voltage power distribution and expand its manufacturing footprint in India. 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