
Siemens consortium wins Rs 4,100 crore contract for India's first high-speed rail project
The consortium will design, install, and provide long-term maintenance for state-of-the-art signaling and telecommunications systems for the Mumbai-Ahmedabad High-Speed Rail Corridor — India's first bullet train project. The execution timeline is 54 months, with Siemens also responsible for maintenance services over a 15-year period, ensuring system reliability and performance.
Siemens will deploy the European Train Control System (ETCS) Level 2-based signaling technology, which supports train operations at speeds of up to 350 km/h. This advanced system offers real-time train supervision, continuous wireless communication, and centralized traffic control, aimed at boosting safety, efficiency, and operational excellence.
Sunil Mathur, Managing Director and CEO of Siemens Limited, said, 'As a consortium, we are proud to partner with NHSRCL in this prestigious high-speed rail project. This initiative reinforces our commitment to 'Make in India' and to delivering cutting-edge technologies that support sustainable, future-ready mobility solutions.'
ETCS Level 2 is a globally recognized standard in railway signaling and is already operational in more than 50 countries worldwide, offering proven performance and reliability in high-speed rail networks.
Ahmedabad Plane Crash
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Upturn
18 minutes ago
- Business Upturn
Ramco Systems partners with MCA Management Consultants to transform payroll operations in GCC region
By Aman Shukla Published on July 7, 2025, 11:13 IST Ramco Systems Limited, a leading global provider of payroll software, has announced a strategic partnership between its wholly owned subsidiary, Ramco Systems FZ-LLC, and MCA Management Consultants, a premier professional services firm in the Gulf Cooperation Council (GCC) region. This collaboration brings together Ramco's advanced payroll platform – Ramco Payce – and MCA's deep expertise in HR advisory and transformation services, with the goal of helping organizations across the GCC region digitize and modernize their payroll processes. Ramco Payce, trusted by over 500 organizations worldwide, offers a robust global payroll solution that covers compliance in more than 150 countries. The platform is available both as a cloud-based solution and a managed service, and is designed to streamline payroll management with features like self-service reporting, an actionable payroll workspace, and serverless payroll capabilities. With this new partnership, businesses in the GCC can benefit from faster payroll implementations, thanks to Ramco's quick deployment toolkit, while also gaining insights and strategic guidance from MCA's advisory team. The partnership emphasizes innovation through AI, machine learning, and robotic process automation, offering clients a touchless, end-to-end payroll experience. This alliance strengthens Ramco's presence in the Middle East and highlights its commitment to helping companies in the region simplify payroll operations, ensure compliance, and improve accuracy. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at


Business Upturn
19 minutes ago
- Business Upturn
Hazoor Multi Projects shares surge 17% on Rs 913 crore solar EPC contract win
By Aman Shukla Published on July 7, 2025, 09:59 IST Shares of Hazoor Multi Projects soared 17% after the company announced it had secured a major ₹913 crore contract from Apollo Green Energy Limited (formerly Apollo International). As of 9:57 AM, the shares were trading 16.96% higher at Rs 46.40. The project involves the complete engineering, procurement, and construction (EPC) of a 200 MW grid-connected solar photovoltaic (PV) power plant in Gujarat. According to a regulatory filing under SEBI's Listing Obligations and Disclosure Requirements (Regulation 30), the project will be located in the Renewable Energy Solar Park at Khavda (Stage-3), developed by Gujarat State Electricity Corporation Limited (GSECL). The contract covers everything from design and supply to construction, erection, testing, and commissioning of the solar plant. This marks a significant win for Hazoor Multi Projects, signaling its entry into large-scale renewable energy infrastructure development. The contract is scheduled to be executed by March 2026, offering a solid revenue pipeline for the next two years. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at


Business Upturn
2 hours ago
- Business Upturn
Senco Gold shares jump 4% as Q1 revenue rises 28% YoY
By Aman Shukla Published on July 7, 2025, 09:18 IST Senco Gold shares rose 4% in Monday morning trade after the jewellery retailer posted an impressive performance for the first quarter of FY26. The company reported a 24% YoY jump in retail revenue, while total revenue climbed nearly 28%, reflecting strong consumer demand and a strategic growth push. The surge in sales was largely driven by festive shopping during occasions like Akshay Tritiya, Poila Baishakh, Baisakhi, Bihu, and Ramnavmi, which brought heavy footfall across Senco's showrooms nationwide. In line with its expansion plans, Senco added nine new stores in Q1, taking its total showroom count to 179. This aggressive network expansion appears to be paying off, with wider reach translating into stronger revenues. The company also benefited from a sharp uptick in domestic gold prices, which averaged ₹86,900–₹1,01,000 per 10 grams during the quarter. That's a 32% increase YoY and a 5% rise compared to the previous quarter, further supporting topline growth. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at