SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Siemens to set up industrial products unit in Aurangabad

08 Jun 2009 Evaluate

Engineering major Siemens Ltd plans to set up a new facility for industrial products in Aurangabad this year. Though the company did not disclose which product under the industrial segment the company will roll out from Aurangabad, it will offer a product for the transportation sector.

 

The subsidiary of Germany-based Siemens AG inaugurated a gas insulated switchgear (GIS) factory in the city on Friday, making it the first company to start manufacturing GIS in India. With the opening of this GIS factory, the company has established its presence in the entire value chain of the energy segment.

 

In India Siemens is present in the energy, industry and healthcare segments. Siemens GIS factory has a capacity of manufacturing 400 units of switchgear with voltage ranges of 72.5kV, 145kV and 245kV.

 

The company's main competitors in this field are companies such as Areva, ABB and Toshiba. While Areva imports and assembles GIS, others are strictly into importing and selling. The Aurangabad unit gives Siemens a substantial edge over rivals and, by next year, it plans to garner a substantial marketshare.

crackcrack

Siemens Share Price

3709.60 3.05 (0.08%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Havells India 1300.30
Siemens 3709.60
Apar Inds 11977.10
ABB India 7155.70
Waaree Energies 3487.20
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×