QUOTE AND NEWS
Automotive World  Aug 22  Comment 
ABB is presenting its digital substation model at the Cigré conference and exhibition, in Paris from August 22-26, 2016, a leading global platform for power experts and a showcase for the latest technology developments in the sector. Digital...
Motley Fool  Aug 7  Comment 
A supercapacitor system being used to power up electric buses in Europe could be a template for weaning large vehicles off of fossil fuels, and speeding small EVs on their way too.
Automotive World  Jul 29  Comment 
Based on the approved capital reduction at the Annual General Meeting on April 21, 2016 and following the required waiting period, 100,000,000 shares of the company repurchased under the share buyback program were cancelled earlier this month....
The Hindu Business Line  Jul 21  Comment 
Enhanced cash performance backed with savings on interest costs has boosted ABB India Ltd’s profit by 34.76 per cent to ₹77.42 crore for the second quarter (Q2) this calendar year (2016) as against ₹...
newratings.com  Jul 21  Comment 
ZURICH (dpa-AFX) - Swiss engineering firm ABB Ltd.(ANN.L, ABB) reported that its net income for the second-quarter of 2016 decreased 31 percent to $406 million from last year's $588 million, impacted by restructuring and restructuring-related...
The Hindu Business Line  Jul 20  Comment 
ITC, Cairn India, Hindalco, Biocon, ABB, Aptech, Chemfab Alkalis, DB Corp, Gujarat Narmada Valley, IFB Industries, Bharat Financial Inclusion (formerly SKS Microfinance), HeidelbergCement, Motilal Os...
SeekingAlpha  Jul 19  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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