QUOTE AND NEWS
TheStreet.com  11 hrs ago  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...
Forbes  11 hrs ago  Comment 
Leading up to ABB Limited (ADR)'s announcement of its fourth-quarter earnings on Thursday, February 5, 2015, analysts have become more bullish as expectations have improved over the past month from 33 cents per share to the current projection of...
The Economic Times  Jan 27  Comment 
"ABB India Limited is a 'BUY' call with a target of Rs 1365 and a stop loss of Rs 1284"
The Economic Times  Jan 14  Comment 
"We will pass benefits on to customers, but for contracts where we have a firm price basis, we don’t do so."
The Economic Times  Jan 8  Comment 
For Wipro, the nation's third-largest IT company, this is the largest deal since the $1.2-billion contract it received from Canadian utility ATCO.
The Economic Times  Jan 7  Comment 
The deal win underlines the nation’s third-largest IT company’s prowess in strengthening its cloud offerings, because it will move a lot of business applications to cloud.
The Economic Times  Jan 3  Comment 
Having had a storied career at ABB, when Paliwal accepted the top job at Harmon International, the company was in dire straits with costs running haywire.
Wall Street Journal  Dec 27  Comment 
ABB, Fanuc and other robot makers are finding that an increasing number of smaller businesses want to automate dirty, repetitious tasks. Robot sales historically have been driven by auto companies and electrical-and-electronics makers.
Wall Street Journal  Dec 26  Comment 
ABB, Fanuc and other robot makers are finding that an increasing number of smaller businesses want to automate dirty, repetitious tasks. Robot sales historically have been driven by auto companies and electrical-and-electronics makers.
The Hindu Business Line  Dec 22  Comment 
Swiss engineering group ABB is not planning any big acquisitions at the moment, its chief executive said in an interview with a German newspaper on Monday."We're not planning any bigger acq...





 
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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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