Siemens to Expand Industrial Steam Turbine Production

By Narsi Santhanam • Jul 6th, 2009 • Category: Energy Plans

Siemens planned to expand its industrial steam turbine production in the state of Gujarat for approximately EUR 40 million and export it to Asian and African markets. The company is already producing turbines turbines with ratings up to 45 MW have to date been produced in Vadodara.

In fiscal 2008, the company’s revenue was totaling almost EUR 19 billion, equivalent to around a quarter of the company’s total revenue. The Energy Sector alone had revenues of approximately EUR 22.6 billion. The company received new orders totaling approximately EUR 33.4 billion and posted a profit of EUR 1.4 billion.

Source: www.worldofcogeneration.com

About the Author

Narasimhan (Narsi) has extensive experience in understanding renewable energy markets and strategic levers for success in these markets. His special focus has been his work on the Indian renewable energy industry. His work in the previous 15 years have spanned market and industry research, product management and international sales, and strategic consulting. see more http://www.eai.in/ref/team/ns.html

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