Siemens Energy to invest Rs 2,060 crore in transformer facility
Siemens Energy India Limited has approved an investment of about Rs 2,060 crore to set up a new power transformer manufacturing facility with an additional capacity of around 30,000 MVA. The decision was cleared by the Board of Directors at its meeting held on February 13, 2026. The expansion is aimed at meeting rising domestic and global demand linked to energy transition and electrification. The proposed facility will add substantial manufacturing capacity. Commercial operations are…