The orders received are for Surat Metro Phase 1 (over 40 kilometers covering 38 stations and 2 depots) and Ahmedabad Metro Phase 2 (over 28 kilometers covering 23 stations and 1 depot).

Siemens will provide project management, rail electrification technologies, including advanced power supply and distribution systems.

In addition, Siemens will also be providing advanced digital solutions such as supervisory control and data acquisition (SCADA) solution for both metros.

Siemens is a technology company focused on industry, infrastructure, transport as well as transmission and generation of electrical power.

The company's standalone net profit surged 80% to Rs 437.6 crore on 17% rise in revenue from continuing operations to Rs 3,596.2 crore in the quarter ended 31 December 2022 as against the quarter ended 31 December 2021.

Shares of Siemens added 0.18% to Rs 3,277.05 while that of RVNL rose 1.58% to Rs 78.46 on the BSE.