QUOTE AND NEWS
The Hindu Business Line  Jul 24  Comment 
ABB, power and automation technologies major, has appointed T K Sridhar as the Chief Financial Officer (CFO) of the company effective July 23.The Audit Committee at its meeting held on July...
The Hindu Business Line  Jul 24  Comment 
Power and automation technologies firm ABB India Ltd today reported a 20.47 per cent increase in net profit at Rs 57.45 crore for the second quarter ending June 30.The company, which follow...
The Hindu Business Line  Jul 24  Comment 
The Hindu Business Line  Jul 23  Comment 
Several high-profile companies, such as Reliance Industries, ABB, Axis Bank, Bharat Electronics, Crompton Greaves, KSB Pumps, M&M Finance, Tata Elxsi, TVS Motor, Uniply and VIP Industr...
newratings.com  Jul 23  Comment 
ZURICH (dpa-AFX) - Swiss engineering firm ABB Ltd. (ANN.L, ABB) Thursday said its second-quarter profit declined from last year, as revenues declined amid weaker demand. The results were also hurt by currency translation due to strong appreciation...
newratings.com  Jul 23  Comment 
Market Intelligence Center  Jul 22  Comment 
Option-trade picking algorithms patented by MarketIntelligenceCenter.com found a trading opportunity with ABB Ltd (ABB) that should provide a 5.85% return in just 149 days. Sell one Dec. '15 call at the $21.00 level for each 100 shares of ABB for...
The Hindu Business Line  Jul 21  Comment 
ABB India has been awarded a Rs 125-crore order by PowerGrid Corporation of India (PGCIL) for the extension of three sub-stations in Vadodara, Manesar, and Malerkotla. This is part of a l...
Market Intelligence Center  Jul 17  Comment 
The patented option trade-picking algorithms behind MarketIntelligenceCenter.com's Artificial Intelligence Center have selected a covered call trade on ABB Ltd (ABB) that includes 4.09% downside protection. Sell one contract of the Dec. '15 $21.00...





 
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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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