ALPHA TRIBE

Ganesha Ecosphere LimitedOthers, 03-06-2025: Copy of Newspaper Publication

03-06-2025 | 04:38 pm

Siemens Energy India has announced a board meeting to consider the financial results for the quarter and half-year. Following the recent effectiveness of its scheme of arrangement with Siemens Limited, the company is planning a phased capex of ₹28 crore at its Aurangabad plant to boost Grid Technologies Switching Products amid rising energy demand. It faces two significant civil litigations: a ₹53.53 crore contractual dispute over a delayed project and a ₹49.21 crore claim from Siemens Energy LLC Russia tied to contract termination. Trade payables are ₹156.45 crore, including ₹17.27 crore owed to MSMEs. Stable supply chains and senior management are critical for execution and growth.

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