QUOTE AND NEWS
Reuters  Mar 20  Comment 
* Follows suspension of executives, ratings downgrade (Recasts with ABB, details)
OilVoice  Mar 16  Comment 
Statoil has on behalf of the Johan Sverdrup partnership awarded a contract to ABB for landbased power supply to phase 1 of the Johan Sverdrup field development. The contract value is around NOK 1.
The Economic Times  Mar 11  Comment 
"ABB solar pump drive starts automatically when there is enough sunshine and the motor connected to it begins to run the pump to draw water."
The Hindu Business Line  Feb 24  Comment 
Power and automation technology company ABB India sees a huge business potential in converting diesel-powered or grid-power irrigation water pump sets to solar pumps.“Currently there are...
TheStreet.com  Feb 24  Comment 
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.  TheStreet Ratings quantitative algorithm...
The Hindu Business Line  Feb 24  Comment 
ABB has achieved cumulative sales of 1GW of solar inverters. The Indian market achieved 3GW of installed capacity by the end of 2014. To mark this milestone, the company rolled out an ord...
The Hindu Business Line  Feb 10  Comment 
ABB India has posted a 43.64 per cent rise in profit at ₹ 84.16 crore in the December 2014 quarter against ₹58.59 crore a year ago, aided by strong execution of projects. Revenue for the...
Wall Street Journal  Feb 5  Comment 
ABB Ltd. reported a 30% rise in earnings for its latest quarter, as the power and automation giant’s new strategic direction produced some early gains.





 
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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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