Latest news with #GuilhermeMendonca
Time of India
07-07-2025
- Business
- Time of India
Siemens Energy India March quarter net profit grows 36% to ₹246 crore
Siemens Energy India Ltd (SEIL) on Monday posted 36.34 per cent rise in net profit at ₹246.1 crore for January-March 2025, mainly driven by income from power transmission and generation segment. It had reported ₹180.5 crore profit for the second quarter a year ago. The company follows October to September as financial year. In March quarter, the company reported a total income of ₹1,893.9 crore, up from ₹1,196.8 crore in the year-ago period. Revenues from transmission rose to ₹1,013.8 crore from ₹604.9 crore in January-March 2024. Revenue from generation grew to ₹865.7 crore from ₹591.7 crore. Expenses also shot up to ₹1,548.6 crore from ₹952.4 crore on account of increased cost of materials consumed and project bought outs and other direct costs. The company's profit in October-March more than doubled to ₹477.8 crore from ₹180.5 crore earlier. SEIL is an energy technology company. Shares of the company got listed on the stock exchanges on June 19 after the demerger of energy business of Siemens Ltd . "With this listing, we reaffirm our long-standing commitment to India's energy future. As India advances toward becoming a $7 trillion economy, a strong and resilient energy system will be essential. SEIL, with its dedicated team, is ready to support this important journey for India and its people," company's MD and CEO Guilherme Mendonca said. In December 2023, Siemens Ltd said its board has approved the demerger of its energy business into a separate entity. While Germany-based Siemens AG and its subsidiaries hold 69 per cent stake in SEIL, subsidiaries of Siemens Energy AG hold 6 per cent, with the remainder in free float.
Mint
07-07-2025
- Business
- Mint
Siemens Energy India March qtr net profit grows 36 pc to ₹246 cr
New Delhi, Jul 7 (PTI) Siemens Energy India Ltd (SEIL) on Monday posted 36.34 per cent rise in net profit at ₹ 246.1 crore for January-March 2025, mainly driven by income from power transmission and generation segment. It had reported ₹ 180.5 crore profit for the second quarter a year ago. The company follows October to September as financial year. In March quarter, the company reported a total income of ₹ 1,893.9 crore, up from ₹ 1,196.8 crore in the year-ago period. Revenues from transmission rose to ₹ 1,013.8 crore from ₹ 604.9 crore in January-March 2024. Revenue from generation grew to ₹ 865.7 crore from ₹ 591.7 crore. Expenses also shot up to ₹ 1,548.6 crore from ₹ 952.4 crore on account of increased cost of materials consumed and project bought outs and other direct costs. The company's profit in October-March more than doubled to ₹ 477.8 crore from ₹ 180.5 crore earlier. SEIL is an energy technology company. Shares of the company got listed on the stock exchanges on June 19 after the demerger of energy business of Siemens Ltd. "With this listing, we reaffirm our long-standing commitment to India's energy future. As India advances toward becoming a USD 7 trillion economy, a strong and resilient energy system will be essential. SEIL, with its dedicated team, is ready to support this important journey for India and its people," company's MD and CEO Guilherme Mendonca said. In December 2023, Siemens Ltd said its board has approved the demerger of its energy business into a separate entity.
Mint
07-07-2025
- Business
- Mint
Siemens Energy India March qtr net profit grows 36 pc to ₹246 cr
New Delhi, Jul 7 (PTI) Siemens Energy India Ltd (SEIL) on Monday posted 36.34 per cent rise in net profit at ₹ 246.1 crore for January-March 2025, mainly driven by income from power transmission and generation segment. It had reported ₹ 180.5 crore profit for the second quarter a year ago. The company follows October to September as financial year. In March quarter, the company reported a total income of ₹ 1,893.9 crore, up from ₹ 1,196.8 crore in the year-ago period. Revenues from transmission rose to ₹ 1,013.8 crore from ₹ 604.9 crore in January-March 2024. Revenue from generation grew to ₹ 865.7 crore from ₹ 591.7 crore. Expenses also shot up to ₹ 1,548.6 crore from ₹ 952.4 crore on account of increased cost of materials consumed and project bought outs and other direct costs. The company's profit in October-March more than doubled to ₹ 477.8 crore from ₹ 180.5 crore earlier. SEIL is an energy technology company. Shares of the company got listed on the stock exchanges on June 19 after the demerger of energy business of Siemens Ltd. "With this listing, we reaffirm our long-standing commitment to India's energy future. As India advances toward becoming a USD 7 trillion economy, a strong and resilient energy system will be essential. SEIL, with its dedicated team, is ready to support this important journey for India and its people," company's MD and CEO Guilherme Mendonca said. In December 2023, Siemens Ltd said its board has approved the demerger of its energy business into a separate entity. While Germany-based Siemens AG and its subsidiaries hold 69 per cent stake in SEIL, subsidiaries of Siemens Energy AG hold 6 per cent, with the remainder in free float.
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Business Standard
07-07-2025
- Business
- Business Standard
Siemens Energy Q2FY26 results: Net profit rises 36% to ₹246 crore
In March quarter, the company reported a total income of Rs 1,893.9 crore, up from Rs 1,196.8 crore in the year-ago period Press Trust of India New Delhi Siemens Energy India Ltd (SEIL) on Monday posted 36.34 per cent rise in net profit at Rs 246.1 crore for January-March 2025, mainly driven by income from power transmission and generation segment. It had reported Rs 180.5 crore profit for the second quarter a year ago. The company follows October to September as financial year. In March quarter, the company reported a total income of Rs 1,893.9 crore, up from Rs 1,196.8 crore in the year-ago period. Revenues from transmission rose to Rs 1,013.8 crore from Rs 604.9 crore in January-March 2024. Revenue from generation grew to Rs 865.7 crore from Rs 591.7 crore. Expenses also shot up to Rs 1,548.6 crore from Rs 952.4 crore on account of increased cost of materials consumed and project bought outs and other direct costs. The company's profit in October-March more than doubled to Rs 477.8 crore from Rs 180.5 crore earlier. SEIL is an energy technology company. Shares of the company got listed on the stock exchanges on June 19 after the demerger of energy business of Siemens Ltd. "With this listing, we reaffirm our long-standing commitment to India's energy future. As India advances toward becoming a USD 7 trillion economy, a strong and resilient energy system will be essential. SEIL, with its dedicated team, is ready to support this important journey for India and its people," company's MD and CEO Guilherme Mendonca said. In December 2023, Siemens Ltd said its board has approved the demerger of its energy business into a separate entity. While Germany-based Siemens AG and its subsidiaries hold 69 per cent stake in SEIL, subsidiaries of Siemens Energy AG hold 6 per cent, with the remainder in free float. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
20-06-2025
- Business
- Time of India
Grid instability rises with renewable load; Siemens Energy backs tech fix with STATCOMs, SynCons
New Delhi: India is planning to deploy over 50 STATCOMs to address grid stability issues arising from the increasing share of solar and wind power, according National Electricity Plan - NEP. 'Today India has around 1,000 GVAs of transformation and it is going to more than 2,000 GVAs. Most of this growth comes from regions weaker in short-circuit strength, like the northwest, which have wind and solar but not necessarily grid infrastructure or rotating machines,' said Guilherme Mendonca, CEO and MD of Siemens Energy India Limited in an exclusive interaction with ET Energyworld. STATCOMs (Static Synchronous Compensators) and synchronous condensers (SynCons) are among the technologies being deployed to stabilise the power grid. 'Only this year, 10 STATCOMs were planned, and we won relevant market share,' Mendonca said. Siemens Energy said it is also supporting integration of rotating machines for inertia generation and combining SYNCONs and STATCOMs with battery storage to improve frequency and voltage stability. The issue of grid instabilty has become more pronounced as solar and wind generation increases during the day, followed by sudden demand shifts at night. 'It's not just about growing the grid with more lines and substations. It's critical to modernise the grid,' Mendonca said, adding that several substations continue to operate with aging transformers and breakers over 30 years old. Siemens Energy said it has started refurbishment work in Talcher transformers under Power Grid Corporation. 'As these assets approach the end of life, we are bringing in digital layers and new components to ensure grid reliability,' Mendonca said. The company is participating in India's Green Energy Corridor projects through tariff-based competitive bidding (TBCB) routes. Siemens Energy supplies substation equipment, SynCons and STATCOMs to developers like PGCIL, Adani, Sterlite, Tata and Apraava for renewable evacuation infrastructure. On HVDC (High Voltage Direct Current) corridors, the company said it is focusing on VSC (Voltage Source Converter)-based HVDC systems suited for renewable integration. Siemens Energy built India's first VSC-based HVDC link and is currently participating in VSC-based projects globally. The company has also set up a new test facility in Gurgaon for HVDC, STATCOM, and gas turbine instrumentation and control systems. The first project being tested at this facility is the a HVDC project in the UK. 'India will see more SynCons over time as base-load coal plants retire and renewable share increases. This year alone, globally, we've sold double the amount of SynCons sold two years ago,' said Tim Oliver Holt, Executive Board Member, Siemens Energy AG. India has raised its renewable energy target from 500 GW by 2030 to 600 GW by 2032. Mendonca said grid expansion, stability and modernization investments must keep pace with this growth to avoid widespread outages. On green hydrogen , Siemens Energy India is supporting its customers in developing business cases and strategies to capture this market. India has been very structured and ambitious program supporting the entire Industry, said Mendonca. The recent IOCL project with around 4 USD per kg of green hydrogen showcases the competitiveness India can offer. Siemens Energy India has invested ₹4.6 billion in its transformer factory in Kalwa doubling its capacity and built a Competency Hub and HVDC/STATCOM test facility in Gurgaon. It said India remains a strong export base for premium markets due to high quality, cost competitiveness and geopolitical factors. On future demand outlook, Siemens Energy expects 5 per cent-6 per cent annual grid market growth globally till 2030. In India, it projects even higher growth due to rapid GDP expansion and energy demand.
