Tag: Siemens

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TotalEnergies, Siemens urge EU to ease regulations for competitiveness

TotalEnergies and Siemens have urged European governments to scrap one of the EU’s key corporate sustainability laws, arguing that doing so would enhance the continent’s competitiveness, The plea was disclosed in a letter, according to Reuters. The letter, signed by TotalEnergies CEO, Patrick Pouyanné, and Siemens AG CEO, Roland Busch, on behalf of 46 European […]

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Nigeria receives $2.3bn Siemens power project transformers

Electricity transformers and substations meant for the $2.3bn Siemens power project have arrived in the country as the project gains traction, Minister of Power, Adebayo Adelabu, said on Sunday. This development follows a few months after the Federal Government renewed its mega power plant contract with Germany and Siemens, following several months of delays. The […]

Siemens
Business

Siemens profit hits 39% increase first quarter

The Indian branch of Siemens AG, Siemens Ltd, on Thursday, reported a 39 per cent increase in quarterly profit due to a rise in infrastructure spending in India. According to Reuters, the German engineering company added that its consolidated net profit for the quarter ended March 31 was 4.71 billion rupees ($57.59 million), compared to […]