QUOTE AND NEWS
Automotive World  2 hrs ago  Comment 
ABB today officially inaugurated its new $90 million state-of-the-art Canadian headquarters and Customer Innovation Center, which will serve 700 employees who were previously spread across six locations in Greater Montreal. Campus Montreal houses...
Automotive World  May 22  Comment 
ABB announced today that its Board intends to appoint KPMG as its external auditor effective for the financial year 2018. This decision was taken following a year-long comprehensive external auditor tender process initiated in 2016 in line with...
SeekingAlpha  May 22  Comment 
The Economic Times  May 17  Comment 
GST will subsume different levies, including excise, service tax and VAT, and will create a unified market for seamless transfer of goods and services.
Motley Fool  May 16  Comment 
With both Caterpillar and ABB stocks soaring, where should you put your money today?
TechCrunch  May 16  Comment 
 We first developed the idea for TC Sessions: Robotics because we wanted to bridge the gap between startups and investment in the robotics world — namely research, academia, government and industry.  On July 17 at MIT’s Kresge auditorium...
Automotive World  May 15  Comment 
The Institute of Electrical and Electronics Engineers (IEEE) has recognized the world’s first commercial HVDC transmission link, in Gotland, Sweden, as a breakthrough milestone in electrical engineering. Over 60 years ago, ABB introduced a new...
The Economic Times  May 12  Comment 
Buy ABB India Ltd. at a price target of Rs 1630.0 and a stop loss at Rs 1490.0 from entry point
The Hindu Business Line  May 10  Comment 
Kotak SecuritiesABB (Accumulate)CMP: ₹1,598.80Target: ₹1,621ABB reported mixed set of numbers. While the revenue surpassed our estimates, the margins came lower than estimates partly due to impact of ...
The Economic Times  May 10  Comment 
Stock surges 9.7% on Tuesday on strongest quarterly order flow in 5 years





 
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Business Profile

ABB (ABB), a partly-owned subsidiary of ABB Asea Brown Boveri of Switzerland, provides power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The company was incorporated on Dec. 22, 1949 as Hindustan Electric Company. Pursuant to a scheme of amalgamation of Asea with HBB, the name was changed to Asea Brown Boveri (ABB) with effect from Oct. 13, 1989. The chairman is Gary Steel and the Vice Chairman and Managing Director is Biplab Majumder.

ABB operates through its business divisions of power products, power systems, automation products, process automation and robotics. It manufactures a wide range of transformers, switchgears, breakers, capacitors, cables and utility automation products and executes projects for power generation, transmission and electrification. It has eight manufacturing facilities in Bangalore, Faridabad, Haridwar, Mumbai, Nashik, and Vadodara.

ABB has a large range of products to offer its clients. The list is exhaustive and so this link will take care of the same: ABB Offerings A-Z

ABB and IIT, Delhi signed an MoU for technology development and knowledge sharing through specific development projects and research in power and automation. The company bagged a turnkey order worth approximately Rs 4,300 million to provide an enterprise wide supervisory control and data acquisition (SCADA) system for ONGC; contracts worth Rs 3.11 billion power and automation systems from Grasim Industries and Ultratech Cement for installation of 220/132kV switchyards and supply of switchgears; a Rs 2.89 billion order by Delhi Metro Rail Corporation (DMRC) to supply the turnkey electrification package for Phase II of the Metro line spanning ten corridors across parts of New Delhi and surrounding areas of Gurgaon and NOIDA.

ABB operations in India include 14 manufacturing facilities and over 6500 employees. Customers are served through extensive countrywide presence with around 30 marketing offices, 8 service centers, 3 logistics warehouses and a network of over 750 channel partners. The ABB Group is increasingly leveraging the Indian operations for projects, products, services, engineering and R&D. Also, as part of ABB’s new regional approach, India has been designated as the hub for the South Asia region.

The corporate office and registered office are at Khanija Bhavan, 2nd Floor, East Wing, No. 49, Race Course Rd, Bangalore-560001.

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