Tata-Siemens JV to develop Metro Corridor for Pune Metro under PPP routeSIEMENS - 2407 Change: 6.65 (0.28 %)
News: Tata-Siemens JV to develop Metro Corridor for Pune Metro under PPP route. Siemens Ltd is part of the consortium along with Siemens AG, Siemens Mobility GmbH and Alstom Transport India. Siemens' scope includes project management, turnkey electrification, signalling, communications and depot works (equipment).
Views: A joint venture between TRIL Urban Transport Pvt Ltd (a Tata Group Company) and Siemens Project Ventures GmbH under public private partnership route (PPP) will develop the metro corridor from Hinjewadi to Shivajinagar, a 23 km corridor with 23 stations to be completed in 39 months. The order size for Siemens is ~| 900 crore. Further order inflows arelikely strengthen its already healthy order backlog. Overall, Siemens is expected to further strengthen its leadership position through further penetration of automation and digitisation products & services across segments.