Siemens Energy India Limited Makes a Dynamic Debut on Stock Exchanges

Siemens Energy India Ltd (SEIL) debuted on stock exchanges post-demerger from Siemens Ltd. The shares opened strong, hit upper circuit limits but closed lower. SEIL, backed by a dominant Siemens AG stake, aims to strengthen India's energy sector, highlighting commitments to renewable energy, grid modernization, and industry decarbonization.

Siemens Energy India Ltd (SEIL) shares were listed on stock exchanges following a demerger from Siemens Ltd. The shares started at Rs 2,850 on the BSE, reaching Rs 2,992.45 within the day before closing at Rs 2,738.35, experiencing a 3.92% decrease.

On the NSE, SEIL's stock mirrored this performance, opening at Rs 2,840 and hitting a 5% upper circuit at Rs 2,982, but later closing at Rs 2,735, a 3.69% dip. SEIL's market valuation was pegged at Rs 97,518.26 crore.

With 69% of shares held by Siemens AG, SEIL focuses on promoting renewable energy, grid modernization, and decarbonization of industries as India progresses towards a USD 7 trillion economy, according to MD and CEO Guilherme Mendonca.

(With inputs from agencies.)