QUOTE AND NEWS
The Hindu Business Line  Mar 21  Comment 
ABB India has restored and modernised the critical 1,035 MW Sharavathi hydropower plant in Karnataka that accounts for 25 per cent of Karnataka Power Corporation’s generation. The Sharavathi proje...
The Economic Times  Mar 20  Comment 
ABB can be bought with short-term target of Rs 1,285 while you should buy PFC with a short-term holding target of Rs 164, says analyst Milan Vaishnav, CMT.
Automotive World  Mar 16  Comment 
ABB is making a facility available for shareholders tax-resident in Sweden and holding shares of ABB Ltd registered with Euroclear Sweden that allows them to receive the dividend relating to those shares in Swedish Kronor (SEK) without the...
Automotive World  Mar 14  Comment 
ABB today commercially launched ABB Ability, its industry-leading portfolio of digital solutions, at ABB Customer World in Houston. With the commercial launch of more than 180 solutions and services today, ABB is unlocking value for customers in...
Automotive World  Mar 13  Comment 
ABB Ltd has published its 2016 annual report on its web site and has filed the annual report on Form 20-F with the United States Securities and Exchange Commission. The 2016 annual report is now available electronically at...
CNNMoney.com  Mar 13  Comment 
A major European conglomerate has admitted that an employee took advantage of serious management failings to disappear with $103 million of the firm's cash.
Wall Street Journal  Mar 13  Comment 
ABB said lax controls played a part in the fraud and embezzlement at its South Korean unit, costing the Swiss company an estimated $73 million in lost pretax profit—some $30 million less than first signaled.
SeekingAlpha  Mar 13  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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