Siemens Energy to Invest Rs. 2,060 Cr. for New Transformer Plant
Siemens Energy India Limited, a technology provider across power generation and transmission systems, has announced an investment of Rs. 2,060 crore. This investment will be directed towards development of a new transformer manufacturing plant in India. Siemens Energy shared this information in its recent stock exchange filing.
However, the location of the plant has not been disclosed by the company.
Siemens Energy Plans 30,000 MVA Transformer Plant
Siemens Energy’s upcoming plant will have a capacity of manufacturing 30,000 Mega-Volt Amphere (MVA) of power transformers per annum. According to the company, ‘This new capacity is fully aligned with Make in India strategy and the fast expansion of India’s power sector’.
The new transformer manufacturing plant will cater to increasing demand for large power transformers domestically and globally. Siemens Energy is expected to commence operations at this plant between a period from 2030 to 2032.
Siemens Energy will fund the development of this plant through its internal accruals.
Commenting on this development, Mr. Guilherme Mendonca, Managing Director and Chief
Executive Officer of Siemens Energy India, said “With the large power transformer capacity expansion, SEIL is fully committed with the Government of India’s Make in India strategy, strengthening the local supply chain for a Viksit Bharat”.
With this investment, the company’s total transformer manufacturing capacity is expected to reach around 60,000 MVA.
Apart from the development of this plant, In May 2024, the company announced an investment of Rs. 416 crore for expanding manufacturing capacity of power transformers and vacuum interrupters. This CapEx was targeted towards Siemens’ power transformer facility in Kalwa, Maharashtra, and its vacuum interrupter manufacturing facility in Goa.
Market Growth Signals Strong Demand for Power Transformers
The announcement of this new transformer manufacturing plant by Siemens Energy perfectly aligns with the rising demand for transformers, both domestically and globally.
A report by Mordor Intelligence mentioned that the Indian transformer market is expected to grow from USD 3 billion in 2025 to USD 3.25 billion in 2026. Further, the market is expected to reach USD 4.82 billion by 2031, reflecting a Compound Annual Growth Rate (CAGR) of 8.22%.
Strong Q3 FY26 Performance Reported by Siemens Energy
Siemens Energy also announced its Q3 FY26 financial results. The company reported revenue of Rs. 1,911 crore and a Profit After Tax (PAT) of Rs. 313 crore during the quarter.
Additionally, the company secured new orders worth Rs. 3,343 crore. Commenting on this performance, Mr. Mendonca said, “Excellent backlog execution led to an outstanding performance in the quarter”.
About Siemens Energy India Limited: Siemens Energy India Limited, headquartered in Mumbai, is an energy technology company that recently emerged as an independent, publicly-listed entity following its demerger from Siemens Limited. The company demerged and listed as a separate entity on the stock exchanges in June 2025
