Siemens, a leading technology enabled solutions provider, announced that it has won three orders worth approximately Rs 4.50 billion from Varanasi-based Diesel Locomotive Works of Indian Railways for locomotive equipment.

Siemens will supply and supervise the installation and commissioning of three-phase propulsion systems for diesel electric locomotives - AC-AC traction systems (including locomotive controller) and three-phase traction motors.

The locally manufactured equipment have a proven track record of providing long-term cost efficiency and availability. Diesel Locomotives Works is a production unit of Indian Railways located at Varanasi and manufactures around 300 diesel electric locomotives every year.

Siemens has been reliable partner of the Indian Railways for over 60 years and has been providing various solutions for safe and efficient rail transportation from its well established factories and extensive service network across the country.

Shares of the company gained Rs 21.35, or 1.93%, to trade at Rs 1,127 The total volume of shares traded was 26,792 at the BSE (11.46 a.m., Monday).