Siemens bags Rs 377 crore order from Diesel Locomotive Works

New Delhi: Siemens Limited has bagged an order worth Rs 377 crore from Indian Railways' Diesel Locomotive Works (DLW), Varanasi for supply of traction motors.

"Siemens Ltd...Has won a crucial order approximately worth Rs 377 crore from Indian Railways' DLW, Varanasi", the company said in a filing to the BSE.

The scope of work involves supply of 1,890 traction motors for 4,500 HP Diesel Electric Locomotives, the filing further said.

Siemens had reported a 49.8 per cent plunge in standalone net profit at Rs 219.13 crore for the quarter ended September 30.

The company had reported a standalone net profit after tax of Rs 436.78 crore in the year-ago period.

The standalone net sales of the company increased to Rs 3,231.30 crore from Rs 3,111.27 crore in the year-ago period, it said.