Siemens Energy India Limited (SEIL) is planning to invest Rs 4.6 billion to expand its Kalwa transformer facility. With this, SEIL plans on contributing to the integration of renewables, modernisation of the national grid, and decarbonisation of core industries. It has also established a competency hub to drive innovation in clean energy technologies. Siemens AG and its subsidiaries hold a 69 per cent stake in SEIL, while Siemens Energy AG subsidiaries hold another 6 per cent. In a paralell development, SEIL has also been listed on Bombay Stock Exchange and the National Stock Exchange, following the completion of the demerger and independent listing of the energy business of Siemens Limited.
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