Siemens Energy India Limited (SEIL)

What Siemens Energy India Limited (SEIL) does

Siemens Energy India Limited (SEIL) is a publicly listed Indian energy technology company that operates across the entire energy value chain — from power and heat generation through transmission to storage. Incorporated in 2024 and demerged from Siemens Limited with effect from March 25, 2025, SEIL listed on BSE (544390) and NSE (ENRIN EQ) on June 19, 2025, with Siemens AG and Siemens Energy AG subsidiaries together holding 75% (69% + 6%) of equity. The company manufactures gas and steam turbines, power generators, hydrogen-ready hybrid power plants, large power transformers, high-voltage switchgear, and HVDC systems (including India's first VSC-based HVDC link) across ten manufacturing facilities and eleven regional offices in India, employing 4,200+ professionals.

SEIL's revenue model is hardware-led B2B enterprise sales of capital equipment, supplemented by service offerings (e.g., an industrial steam turbine service centre in Raipur) and emerging energy solutions for AI-ready data centers. The go-to-market is direct enterprise engagement with power utilities (Power Grid-type clients), transmission companies, industrial customers, and — increasingly — data center operators. Pricing is project-based with multi-year contract cadence; SEIL does not publicly disclose unit pricing. Q2 FY2026 revenue of INR 2,394 crore grew 27.4% YoY with PAT up 52.4% YoY to INR 375 crore, and order backlog stood at INR 18,433 crore (+22.2% YoY), reflecting strong demand visibility. The company serves India and exports to Bhutan, Nepal, Sri Lanka, and the Maldives.

Capital allocation is dominated by aggressive capacity expansion — INR 2,800 crore to quadruple transformer capacity to 60,000 MVA, INR 2,060 crore for an additional 30,000 MVA of large power transformer capacity (operational 2030–2032), INR 280 crore for switchgear expansion at Aurangabad, and INR 460 crore at Kalwa — all aligned with India's Make in India strategy. SEIL also signed a strategic MoU with TCS (April 2026) to support HyperVault AI data center deployments, signaling entry into the data center power infrastructure vertical beyond traditional utility customers.

Name

Siemens Energy India Limited (SEIL)

Legal name

Siemens Energy India Limited

Website

https://siemens-energy-india.com

Company type

Public

Founded year

2025

Operating status

Operating

Headcount range

101–250 employees

Short description

Siemens Energy India Limited (SEIL) manufactures power generation and transmission equipment — turbines, transformers, switchgear, and HVDC systems — selling primarily to Indian utilities, transmission companies, industrial customers, and increasingly data center operators, operating ten factories across India.

Ownership category

akta.pro rank

Product category

Power Generation and Transmission Equipment

NAICS

Turbine and Turbine Generator Set Units Manufacturing (333611), Engine, Turbine, and Power Transmission Equipment Manufacturing (3336), Motor and Generator Manufacturing (335312), Electrical Equipment Manufacturing (3353), Relay and Industrial Control Manufacturing (335314)

SIC

Engines & Turbines (3510), Electrical Industrial Apparatus (3620), Motors & Generators (3621), Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Wind Turbine OEM Manufacturing (Nacelles, Drivetrains, Generators) (EUAMAHAD)

akta.pro secondary industries

Power Electronics & Grid-Tie Equipment Manufacturing (Converters, Transformers, Switchgear) (EUAMAHAH), Energy Storage Components for Renewables Manufacturing (BESS Packs, PCS, Thermal Management) (EUAMAHAI), Renewable Grid Interconnection & Collector Systems (Solar/Wind) (IMAFAHAD)

Keywords

• Power generation equipment
• Power transmission equipment
• High voltage switchgear
• Large power transformers
• HVDC transmission systems

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D

Revenue model

1. Power Transmission Equipment: Revenue from manufacturing and supplying power transmission equipment including transformers and switchgear products. Q2 FY2026 revenue of INR 2,394 crore with 22.2% YoY order backlog growth to INR 18,433 crore.
2. Power Generation Equipment: Sales of power generation equipment including gas and steam turbines, power generators, and hybrid power plants operated with hydrogen. Contributed to India's significant energy projects including 1,700th steam turbine completed at Vadodara factory.
3. Energy Solutions and Services: Providing energy solutions and services for data centers and industrial applications, supporting AI-ready facilities with power infrastructure. Partnership with TCS for HyperVault business addressing energy demands of AI-ready data centers.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Siemens Energy India Limited (SEIL) manufactures and supplies power generation and transmission equipment for utilities and industrial customers across India. Its portfolio spans gas and steam turbines, power generators, hydrogen-ready hybrid power plants, large power transformers, high-voltage switchgear, and HVDC transmission systems. The company operates ten manufacturing factories and eleven regional offices in India, supporting power utilities, transmission companies, data center operators, and renewable energy developers with end-to-end energy infrastructure solutions.

Product overview

Siemens Energy India Limited (SEIL) is a pure-play energy technology company that operates across the entire energy value chain — from power and heat generation through transmission to storage. The company's product portfolio comprises two main segments: Power Generation (gas and steam turbines, power generators, and hydrogen-ready hybrid power plants) and Power Transmission (large power transformers, high-voltage switchgear, and HVDC systems). SEIL operates ten state-of-the-art manufacturing factories across India, including facilities at Kalwa (transformers), Aurangabad (high-voltage switchgear), and Vadodara (steam turbines), and maintains eleven regional offices. The company has a strong order backlog of INR 18,433 crore (Q2 FY2026), reflecting robust demand for its energy infrastructure equipment in India's expanding power sector.

Differentiator

Problem solved

Functional benefit

Products and services

• Gas Turbines

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Tata Consultancy Services (TCS)coreStrategic or Co-development Partner · 27 April 2026TCS and Siemens Energy AG/Siemens Energy India Limited signed strategic partnership MoUs focused on AI-led industrial transformation, digital infrastructure development, and energy solutions for data centers. Siemens Energy India will support TCS's HyperVault business to address energy demands of AI-ready data centers in India, combining TCS's AI and engineering capabilities with Siemens Energy's power generation, electrification, and grid technologies. Partnership builds on over two-decade-long relationship with TCS serving as preferred IT partner for Siemens Energy AG.

Scale indicators11 records

Recent moves11 records

Expansion highlights5 records

Broad incumbents

• GE Vernova: Global power generation and grid equipment OEM (gas/steam turbines, HVDC, transformers, wind). Competes with SEIL's parent Siemens Energy AG globally and with SEIL in India on large turbine and HVDC bids; broader portfolio including wind and grid software.
• Mitsubishi Power: Global OEM of gas turbines, steam turbines, and power generation systems. Competes with SEIL in gas/steam turbine bids for Indian utility and industrial power projects; part of Mitsubishi Heavy Industries.
• Toshiba Energy Systems & Solutions: Global manufacturer of power generation and transmission equipment, including turbines, HVDC systems, and transformers. Competes with SEIL in HVDC, transformers, and large-scale power projects in India and the broader South Asian market.
• Schneider Electric India: Global energy management and automation company with Indian operations covering switchgear, transformers, and data center power infrastructure. Overlaps with SEIL in switchgear, data center power solutions, and grid applications.

Direct peers

• Transformers and Rectifiers (India) Limited: India-focused power transformer manufacturer with a large domestic transformer portfolio. Competes with SEIL in large power transformer orders from utilities and renewable energy developers, particularly in transmission and wind/solar evacuation.
• ABB India Limited: Indian subsidiary of ABB Ltd, manufacturing transformers, switchgear, drives, and grid automation products. Directly competes with SEIL in power transmission and electrification products, with similar customer base in utilities and industrial sectors.
• CG Power and Industrial Solutions Limited: Indian power equipment manufacturer producing transformers, switchgear, and rotating machines. Direct competitor in industrial and power transmission equipment, serving utilities and industrial customers across India with a growing transformer footprint.
• Bharat Heavy Electricals Limited (BHEL): India's largest domestically-owned power generation equipment OEM, manufacturing turbines, generators, transformers, and switchgear. Closest direct Indian competitor to SEIL across both generation and transmission product lines, serving the same utility, industrial, and government customers.
• Hitachi Energy India Limited: Indian listed entity of Hitachi Energy, specializing in HVDC systems, transformers, and grid integration solutions. Direct competitor in HVDC VSC technology, transformers, and grid solutions serving the same PowerGrid and renewable evacuation projects as SEIL.

Emerging players

• Polycab India Limited: Indian electrical equipment manufacturer expanding into power transmission products including transformers and cables. Emerging competitor in India's power transmission equipment market, with growing capacity and overlap with SEIL's lower-end transformer and cable products.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/siemens-energy/posts/?feedView=all

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Siemens Energy India Limited (SEIL)