QUOTE AND NEWS
Market Intelligence Center  Jul 11  Comment 
ABB Ltd. (ABB) received a $400 million power project from NSP Maritime Link Inc., a subsidiary of Emera Inc. (EMA). Per the contract, ABB is required to provide a high-voltage direct current (HVDC) power transmission solution creating the first...
newratings.com  Jul 9  Comment 
ZURICH (dpa-AFX) - Swiss engineering major ABB Ltd. (ANN.L, ABB) Wednesday said it has won an order worth nearly $400 million from NSP Maritime Link Inc., a unit of Emera Inc. (EMA.TO), for a maritime link power project in Canada. The order was...
Wall Street Journal  Jun 27  Comment 
Power and technology company ABB plans to sell a steel products business for $600 million in cash as it streamlines its operations.
OilVoice  Jun 17  Comment 
ABB a global leader in power and automation technology has secured a contract to supply electrical power and propulsion systems for the first of 16 Yamal LNG carriers. The contract which includes o
Forbes  May 28  Comment 
The former CEO of Swiss-Swedish conglomerate ABB has spent the past decade-plus building Hand in Hand, a nonprofit that trains workers and creates jobs in 10 countries.
Market Intelligence Center  May 20  Comment 
ABB Ltd (ABB) presents a trading opportunity that offers a 6.19% return in just 214 days. A covered call on ABB at the $24.00 level expiring on Dec. '14 offers an assigned return rate of 6.19% or 10.57% annualized. This trade offers 4.24%...
OilVoice  May 19  Comment 
ABB the leading power and automation technology group has won contracts worth in excess of 20 million to supply electrical power and propulsion systems for two next generation offshore vessels. Th
Market Intelligence Center  May 16  Comment 
Option-trade picking algorithms patented by MarketIntelligenceCenter.com found a trading opportunity with ABB Ltd (ABB) that should provide a 5.40% return in just 127 days. Sell one Sep. '14 call at the $24.00 level for each 100 shares of ABB for...





 
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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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