JUNE 20258TOP STORIESSIEMENS WINS 1,230 CR ROLE IN INDIA'S FIRST BULLET TRAIN PROJECT· Siemens secures major contract for bullet train signaling systems.· Project enables high speed operations with advanced train control.· Siemens to provide long term maintenance for rail infrastructure.On Tuesday, it was announced by Siemens Ltd that a contract worth Rs 4100cr has been secured by a consortium led by Dineshchandra R Agarwal Infracon Pvt Ltd, along with Siemens Ltd and Siemens Mobility GmbH, from the National High Speed Rail Corporation Limited ( NHSRCL) for India's first bullet train project.The trading of shares of Siemens Ltd is being done at Rs 3,352.00, representing an increase of Rs 80.50 or 2.46% today.Siemens Ltd.'s 1,230 crore part of the contract covers the cost of designing, constructing, and maintaining sophisticated signaling and telecommunication systems for the Mumbai-Ahmedabad High-Speed Rail corridor. According to an exchange filing, Siemens will provide maintenance assistance for 15 years to maintain lifecycle reliability during the project's 54-month execution. Siemens will deploy signaling and train control systems based on the European Train Control System (ETCS) Level 2 as per the agreement. These technologies will provide real-time train supervision, continuous wireless communication, and centralized traffic control. They are made to support train operations at up to 350 km/h.Sunil Mathur, Managing Director and Chief Executive Officer of Siemens Ltd, said, "As a consortium, we are proud to partner with National High Speed Rail Corporation Limited in the prestigious high-speed rail project. This project reflects our commitment to `Make in India' and delivering technologies that promote sustainable and future-ready mobility." The key component of the National Rail Plan 2030 is the Mumbai-Ahmedabad bullet train corridor, which is aimed to modernise India's railway infrastructure and boost high-speed connectivity. HINDUSTAN ZINC'S RS. 12,000 CR EXPANSION PLAN HITS SHARES BY 4%· HZL approves Rs. 12,000 crore expansion to boost zinc capacity by 250 ktpa· Rising global and domestic zinc demand drives strategic investment· HZL now controls 77% of India's primary zinc market shareHindustan Zinc Limited (HZL), India's largest producer of zinc and silver, announced on Tuesday that its board has approved a Rs. 12,000 crore expansion project. The company will add 250 kilo tonnes of integrated refined metal manufacturing capacity every year for three years with the investment.This marks the first phase in the company's ambitious strategy to nearly double its overall metal production to 2 million tonnes per year by 2030. HZL, which was a government-owned firm and is now owned by Anil Agarwal-led Vedanta Group, is gearing up to supply the increasing domestic and international demand for zinc, an essential raw material in the production of steel.The approved development comprises the building of a new 250 ktpa integrated smelter at Debari within Rajasthan state's Udaipur district. The project comprises associated improvements in the company's mining and milling operations throughout the region.World demand for zinc has been consistently outstripping supply, and Indian demand for the metal would double within 5­10 years due to high growth in steel production and infrastructure construction. Zinc is essential for wide applications in the anti-corrosion of steel and, therefore, it is an extremely vital product for construction, auto, and energy industries.Hindustan Zinc CEO Arun Misra said, "Scaling up our 2x growth program to align with the nation's infrastructure plans and industry requirements and growth in the zinc, lead, and silver clusters will also help India achieve its vision of making the country self-sufficient in zinc production."The company now stands as one of the world's lowest-cost zinc producers and the largest reserve base and resources base for zinc in the world, with more than 25 years of mine life remaining. HZL today holds around 77 percent of India's base zinc market.
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