QUOTE AND NEWS
Wall Street Journal  Dec 18  Comment 
ABB Ltd. said it was proposing the former chief executive of Royal Dutch Shell as its next chairman, a move that comes as the power and technology giant embarks on a new five-year strategy.
Reuters  Dec 16  Comment 
* Pair hope to profit from Japanese electricity reforms (Recasts, adds details on electricity reforms in Japan)
Reuters  Dec 10  Comment 
Reuters Market Eye - ABB India up 3.4 percent, Siemens gains 2.8 percent.
Market Intelligence Center  Dec 9  Comment 
After closing Monday at $21.56, ABB Ltd (ABB) presents an attractive opportunity to get a 5.97% return in just 192 days, which is an annualized return of 11.35% (for comparison purposes only). To enter this trade, sell one Jun. '15 $22.00 call for...
The Hindu Business Line  Dec 4  Comment 
Thursday proved a surprisingly good day for certain heavy electrical equipment companies, with many hitting new highs during the session. The top gainers in the segment were ABB (₹151 or...
The Economic Times  Dec 4  Comment 
After surging 19.99% to Rs 1,396.70 -- its 52-week high on the BSE in intra-day trade, shares of ABB finally ended at Rs 1,315.05, up 12.98%.
The Hindu Business Line  Dec 3  Comment 
Power major ABB has bagged orders worth Rs 334 crore from public utilities, Bihar Grid Corporation Ltd (BGCL) and West Bengal State Electricity Transmission Company Ltd (WBSETCL), to build new tra...
The Hindu Business Line  Nov 10  Comment 
Looks to push solar water pumps





 
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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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