OilVoice  Sep 12  Comment 
Boa Offshore has chosen ABB Turbocharging39s proactive Maintenance Management Agreement for servicing of turbochargers aboard four of its vessels ensuring ontime servicing at agreed prices with a
The Economic Times  Sep 12  Comment 
"ABB India Limited is a 'BUY' call with a target of Rs 1220 and a stop loss of Rs 1149."
newratings.com  Sep 10  Comment 
STOCKHOLM (dpa-AFX) - Ericsson (ERIC) said Thursday that it will discontinue future development of modems and shift parts of resources in modems to radio network R&D to better capture growth opportunities in this area. In order to capture...
Wall Street Journal  Sep 9  Comment 
ABB pleased investors with a surprise $4 billion share buyback. But mounting competition in core markets means the Swiss engineering company has longer-term issues to address.
Forbes  Sep 9  Comment 
Swiss-Swedish industrial group ABB presented new medium-term financial targets and announced a $4 billion share buyback program. However, the plan does not address the essential and existential question of why ABB?
OilVoice  Sep 9  Comment 
Drilling vessels of new joint Ocean RigSHI design will be built at Samsung Heavy Industries39 Goeje shipyard in South Korea. Zurich Switzerland September 9 2014 ABB a global leader in power
Wall Street Journal  Sep 9  Comment 
ABB is launching a $4 billion share buyback as part of a strategic revamp by its recently appointed chief executive as he battles problems at the engineering giant's power systems business and a sluggish economy.
Benzinga  Sep 4  Comment 
Bank of America analyst Mark Troman upgraded ABB Ltd (ADR) (NYSE: ABB) from Neutral to Buy. The target price for ABB has been raised from $26.02 to $26.23. ABB shares have gained 6.05% over the past 52 weeks, while the S&P 500 index has...


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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