Siemens Energy India Limited Makes a Dynamic Debut on Stock Exchanges

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.)