QUOTE AND NEWS
The Economic Times  May 7  Comment 
"The top line is flat despite about Rs 150 crore of revenue which we did not ship out of the door. Financial arrangements were not put in place by our customers."
The Hindu Business Line  May 5  Comment 
ABB India hit by muted business environment has posted a 5.05 per cent higher profit for the first-quarter (Q1) in the calendar 2015 at ₹54.29 crore against ₹51.68 crore during the same per...
The Hindu Business Line  May 5  Comment 
Benzinga  Apr 29  Comment 
ABB Ltd (ADR) (NYSE: ABB) posted upbeat earnings for the first quarter on Wednesday. ABB's quarterly net profit gained 3.7 percent to $564 million, compared to $544 million, in the year-ago period. Its sales slipped 9.6 percent to $8.56...
newratings.com  Apr 29  Comment 
newratings.com  Apr 28  Comment 
ZURICH (dpa-AFX) - Swiss engineering firm ABB Ltd (ANN.L, ABB) reported that its net income for the first-quarter increased 4 percent to $564 million from $544 million in the prior year. Basic earnings per share amounted to $0.25 up from $0.24 in...
The Hindu Business Line  Apr 5  Comment 
After bottoming out in August 2013 at ₹448, the stock has been on an uptrend
The Economic Times  Apr 1  Comment 
'ABB is a 'BUY' call with a target of Rs 1,310 and a stop loss of Rs 1,250'
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.





 
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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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