QUOTE AND NEWS
The Economic Times  Aug 12  Comment 
Premji's Wipro, India's third-largest outsourcer, reported a 10 per cent rise in revenues to $1.9 billion in the last quarter, on the back of new business from clients such as ABB and Philip Morris.
Market Intelligence Center  Aug 11  Comment 
MarketIntelligenceCenter.com's option-trade picking algorithms have identified an attractive covered-call trade on ABB Ltd (ABB). Look at the Mar. '16 $21.00 covered call for a net debit in the $19.81 area. This trade has a duration of 220 days....
Market Intelligence Center  Aug 7  Comment 
ABB Ltd (ABB) traded between $20.33 and $20.45 before closing at $20.39 Thursday and presents some attractive trading opportunities today. MarketIntelligenceCenter.com’s patented algorithms selected a Mar. '16 $21.00 covered call for a net debit...
Market Intelligence Center  Jul 29  Comment 
The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center have selected a covered-call trade on ABB Ltd (ABB) that includes 5.54% downside protection. Sell one contract of the Mar. '16...
Market Intelligence Center  Jul 27  Comment 
After Friday’s trading in ABB Ltd (ABB) the algorithms behind MarketIntelligenceCenter.com's Artifical Intelligence Center picked out a trade that offers a 5.54% or 14.04% (for comparison purposes only), while providing 5.25% downside...
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 





 
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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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