Siemens to expand steam turbine plant capacity

The company was making single stage and multi stage steam turbines with a capacity of up to 45mw for industrial applications. Steam turbines can be used for various purposes, as a pump drive (feedwater pumps for large boilers), generator drive, compressor drive and waste to energy applications (source: www.siemens.com). The Vadodara factory was set up with an initial investment of Rs 30 crore and after this expansion will be able to make turbines with a capacity of up to 100mw.
Siemens AG currently sources small turbines up to 15mw for its supplies to the region. The factory will be commissioned in 2010 and employ about 200 people. Making higher capacity steam turbines (which will be imported) will give Siemens an edge both in terms of flexibility of deliveries and even cost. The company’s share price jumped 6% over its previous close to a high of Rs 491 but closed lower at Rs 478.