QUOTE AND NEWS
The Economic Times  35 min ago  Comment 
Buy ABB India Ltd. at a price target of Rs 1247 and a stop loss at Rs 1098 from entry point
Automotive World  Jan 16  Comment 
ABB CEO Ulrich Spiesshofer was misquoted by Bloomberg News as saying “Margins Will Not Fully Recover This Year.” The word “margins” is incorrect. Dr. Spiesshofer used the word “markets” saying that ABB does not foresee global markets...
The Economic Times  Jan 13  Comment 
The 2,518 kilometer link will transmit clean power generated in the north of Brazil, from the Xingu substation, to the Rio Substation in the south-east.
The Economic Times  Jan 11  Comment 
ABB has an impressive track record for providing High Voltage Direct Current (HVDC) lines and nearly half of installed base globally has been by the company.
The Economic Times  Jan 10  Comment 
ABB won the contract from Power Grid Corporation of India to provide equipment for an ultra-high-voltage 800 kilovolt system between Raigarh in central India and Pugalur.
Automotive World  Jan 9  Comment 
During the planned maintenance outage at SSAB Special Steels in Oxelösund in the beginning of December, ABB replaced the control system for the power supply of the rolling mill. During the planned restart, a transformer broke down, as earlier...
Automotive World  Dec 21  Comment 
An OppCharge electric bus system with 12 Volvo electric hybrid buses and charging infrastructure supplied by ABB was inaugurated yesterday in Bertrange, commuter town in south-west of Luxembourg. The bus system with Volvo hybrid electric buses,...
The Hindu Business Line  Dec 5  Comment 
ABB India has signed an MoU with the National Institute of Technical Teachers Training & Research (NITTTR), Chandigarh to establish a Simulation Center of Excellence (SCoE) for teachers, students...





 
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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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