Siemens to invest Rs 275 crore in Vadodara

MUMBAI: Power engineering major Siemens will invest Rs 275 crore to expand its steam turbine facility at Vadodara. In a statement issued to the ex-changes on Thursday, Siemens said the expansion programme, which would triple its existing capacity, would be completed by 2010.

The Vadodara unit currently makes single stage multi stage steam turbines up to 45 megawatts for industrial applications. The expansion programme will increase the factory capacity to manufacture steam turbines up to 100 MW, Siemens said.

The expansion programme will also result in 200 new jobs, the state-ment added. Shares of Siemens ended 3.2% up at Rs 478.40 on the BSE on Thurs-day.