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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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Discover the drivers behind this growth.","\u003Cp>\u003Cimg style=\"float: left;\" src=\"https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2023\u002Fshutterstock_41410318.jpg\" alt=\"\" width=\"233\" height=\"204\">Siemens Ltd, a leading technology company, reported revenue from continuing operations of INR 4,401 crore for the second quarter of Fiscal Year 2023, which ended March 31, 2023, a 28.8 percent increase over the same quarter the previous year. Profit after Tax from continuing operations was INR 516 crore, an increase of 61.9 percent over the same period last year. The company also booked New Orders of INR 31,151 crore in Q2 FY 2023, which included an order of INR 25,455 crore for the 9000 HP locomotive project. Consequently, New Orders in Q2 FY 2023 grew by 8.1 percent on a comparable basis. \u003C\u002Fp>\r\n\u003Cp>Sunil Mathur, Managing Director and Chief Executive Officer, Siemens Ltd, commented, “We continue to see substantial tendering by the Indian Railways and continued capex expansion in infrastructure led by Central Government spending. Private sector capex is mainly in the Steel, Cement, Data Centers, Intralogistics and E-Vehicles market segments. Customers are also keen to adopt energy efficiency and digitalization measures to improve their productivity, flexibility and quality while demonstrating their commitment to sustainability.” \u003C\u002Fp>\r\n\r\n\u003Cp>For more information: \u003Cstrong>www.siemens.com\u003C\u002Fstrong>\u003C\u002Fp>","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2023\u002FwVZDpcBJKAlwwoLVsoSS.jpg","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fsocial\u002Fhorizontal\u002Fposts\u002FMay2023\u002FwVZDpcBJKAlwwoLVsoSS.jpg","2023-05-15T05:40:54+05:30",0,"Siemens reported a 28.8% revenue increase to INR 4,401 crore for Q2 FY 2023.\nProfit after Tax surged by 61.9% compared to the same period last year.\nNew order bookings reached INR 31,151 crore, significantly bolstered by a major Indian Railways locomotive contract.","Siemens Ltd is setting a strong pace in the industrial sector. Their Q2 FY 2023 results highlight impressive growth, with a 29% rise in revenue and a 62% increase in Profit After Tax. A key driver behind these numbers is a massive INR 25,455 crore locomotive order from the Indian Railways, reflecting the government's continued focus on infrastructure development. CEO Sunil Mathur notes that beyond public spending, the private sector is ramping up investment in data centers, e-vehicles, and energy-efficient digital solutions. As the manufacturing and infrastructure landscapes evolve, these figures offer a clear look at how industrial giants are leveraging sustainability and digitalization to drive long-term value. #Siemens #IndustrialGrowth #ManufacturingTrends","Major growth for Siemens Ltd! Q2 revenue is up 29% and profit jumped 62%, fueled by a massive locomotive contract and strong infrastructure demand across India. #Siemens #IndustrialTech","Big wins for Siemens! 🚀 The industrial giant just dropped their Q2 FY 2023 report, showing a massive 29% revenue jump and a 62% surge in profit! 📈 It’s a huge move driven by major infrastructure projects, including a game-changing locomotive contract with Indian Railways. 🚂 Beyond the numbers, it’s clear that sectors like data centers, e-vehicles, and sustainable energy tech are leading the way for future growth. Innovation in energy efficiency is definitely the name of the game right now! 💡 What do you think is the biggest driver for industrial growth this year? 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