Siemens India decides to demerge energy business

The Board of Directors of Siemens Limited (SL) approved the proposal to demerge it’s Energy Business into a separate legal entity – Siemens Energy India Limited (SEIL), currently a wholly owned subsidiary of SL.

  • SL’s focus will continue to be on Industry, Infrastructure and Mobility.
  • SEIL will provide solutions across the entire energy value chain – from power and heat generation, transmission to storage through a portfolio that includes conventional and renewable energy technology such as gas and steam turbines, hybrid power plants operated with hydrogen as well as power generators and transformers.
    • Energy business contributed 34% of SL’s total revenues during FY23 and 29% during H1FY25
    • EBITDA contribution of the energy business during these periods was 34% and 30% respectively.
  • Shareholders of SL will receive 1 share of SEIL for every 1 share of SL
    • SEIL’s shareholding hence will mirror that of SL.
    • SL is currently owned 75% by the Siemens group (promoters), 15.7% by DIIs+FIIs and balance 9.3% by retail.
  • SEIL will be subsequently listed

The decision follows the similar decision by Siemens AG in 2020, whereby it demerged it’s energy business globally.

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