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ABB India Ltd.

BSE: 500002 Sector: Engineering
NSE: ABB ISIN Code: INE117A01022
BSE LIVE 15:40 | 02 Dec 1051.95 -3.60
(-0.34%)
OPEN

1057.00

HIGH

1058.00

LOW

1050.00

NSE LIVE 15:55 | 02 Dec 1049.70 -2.80
(-0.27%)
OPEN

1059.95

HIGH

1059.95

LOW

1045.10

OPEN 1057.00
PREVIOUS CLOSE 1055.55
VOLUME 1123
52-Week high 1432.70
52-Week low 950.00
P/E 62.14
Mkt Cap.(Rs cr) 22290.82
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1057.00
CLOSE 1055.55
VOLUME 1123
52-Week high 1432.70
52-Week low 950.00
P/E 62.14
Mkt Cap.(Rs cr) 22290.82
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

ABB India Ltd. (ABB) - Company History

ABB India Ltd (Formerly Known as ABB Ltd) is one of the world's leading engineering companies which helps customers to use electrical power effectively and to increase industrial productivity in a sustainable way. The company is a leader in power and automation technologies that enable utility and industry customers to improve performance while lowering environmental impact. They have served utility and industry customers for over 50 years with the complete range of engineering products solutions and services in areas in Automation and Power technology. They are having their operations in 14 manufacturing facilities in India and serving their customers through an extensive countrywide presence with more than 18 marketing offices 8 service centers 3 logistics warehouses and a network of over 800 channel partners.The company segments includes: power systems which offers turnkey systems and services for transmission and distributions for power grid and power plants instrumentation control and balance of power plants; power products which manufactures engineers supplies key components to transmit and distribute electricity and also produces transformers high and medium voltage switchgears circuit breakers capacitors distribution relays; process automation which provides integrated solutions and served oil and gas power chemicals and pharmaceuticals pulps and paper metals and minerals marine and turbo charging industries; automation products which provides motors variable speed drives low voltage products instrumentation and power electronics; Others consists of robotics systems.ABB Ltd was incorporated on December 24 1949 as Hindustan Electric Company Ltd. In September 24 1965 the name of the company was changed to Hindustan Brown Boveri Ltd. In the year 1989 Asea Ltd was amalgamated with the company with effect from January 1 1989 and the company changed their name to Asea Brown Boveri Ltd with effect from October 13 1989. In the year 1995 Flakt India Ltd was amalgamated with the company with effect from October 5 1995. During the year 1994-95 ABB Zurich and Daimler-Benz AG Germany established a joint venture company namely ABB Daimler-Benz Transportation AG (Adtranz) in Germany. Also a subsidiary of Adtranz was incorporated in India namely ABB Daimler-Benz Transportation Ltd which took over the Transportation Business of the company with effect from January 1 1996. In the year 1999 the power generation business was de-merged and transferred to ABB Alstom Power India Ltd with effect from April 1 1999. The name of the company was changed to ABB Ltd with effect from April 16 2003.In the year 2004 the company introduced new range of wiring accessories including switches regulators and sockets in the Indian market. They made major expansions in their installed capacity of Motors and Other Machines Switchgear of all types Turbochargers Transformers Electronic Control and Supply Units for Variable Speed Drives and Other applications Power Capacitors of all types. In July 12 2004 the company divested their Control Valves Business to Kent Introl Pvt Ltd. They added several new products under Power Technologies and Automation Technologies divisions. In the year 2005 the company won the first major equipment order for 765 KV extra-high voltage (EHV) transformers and shunt reactors from the National Thermal Power Corporation (NTPC) and Power Grid Corporation of India Ltd. They established a technology center in Nasik for medium voltage power technologies cater to the fast developing power distribution sector. In the year 2006 they entered into an MoU with IIT DelhiIn 2007 the company received an order worth Rs 186 crore for integrated power distribution management system. In September 2007 the company won an order Rs 933 million from KHD Humboldt Wedag GmbH Germany for providing a turnkey electrics and automation solution for a 5000 TPD capacity green-field cement plant at Katrana in Jordan. Also the company was awarded a turnkey contract worth Rs 186 crores by Karnataka Power Transmission Corporation Ltd for implementing an integrated Network Manager SCADA/ EMS/DMS (Supervisory Control and Data Acquisition Energy Management System Distribution Management System) solution. In October 2007 the company received orders worth Rs 512 crore from JSW and their associated companies for providing turnkey power and automation solutions for their steel and power plant projects. In February 2008 the company was awarded orders worth Rs 330 crore for providing turnkey substation solutions and a range of power products to Powergrid Corporation of India Ltd (PGCIL) as part of their efforts to strengthen the transmission grid across the country.In June 2008 the company won orders worth Rs 295 crore for providing power solution for JSW Energy for their upcoming thermal power plant in Ratnagiri. In July 2008 the company won an order of Rs 312 crore for design supply installation testing and commissioning of electrical products and systems for a new terminal T3 at Indira Gandhi International Airport in Delhi India. Also they won orders worth Rs 455 crore from Vedanta Aluminium Ltd for providing automation and power products systems and solutions for expansion of their aluminium smelter plant at Jharsuguda in Orissa. In December 2009 the company won an order worth Rs 506 crore from Bangalore Metro Rail Corporation Ltd for providing power solutions for a planned metro network in Bangalore. In March 2010 the company won orders worth $22 from Haryana Vidyut Prasaran Nigam Limited (HVPNL) a state-owned power utility in northern India for providing four turnkey substations for the regional grid.In October 2010 the company acquired the business of Metsys Engineering and Consultancy Pvt Ltd (Metsys) based in Bangalore a private limited company engaged in providing engineering services/consultancy and optimized solutions to OEMs/End customers mainly in Metal industry for a total consideration of Rs 84.6 million.In May 2011 the company entered into an agreement with ABB Global Industries and services Ltd to purchase and acquire the assets and liabilities of three businesses namely Transformer Insulation - Boards and ComponentsLow Voltage Breakers and Switches and Vacuum Interrupters for an aggregate consideration of Rs 40000 lakh on a slump sale basis with effect from April 01 2011. In August 2011 the company won orders worth INR161 million to supply turnkey power and automation solution for three photovoltaic solar power plants with a combined capacity of 11 megawatts (MW) in India. Also they won an order worth around USD 1 billion from the Dutch-German network operator TenneT on a power link for transmitting high voltage direct current (HVDC) which will connect the offshore wind in the North Sea to the grid on the German mainland. In December 2011 the company won an order worth about Rs 175 crore from Powergrid Corporation of India Ltd to supply equipment for the Champa transmission substation in the central Indian state of Chhattisgarh. The company acquired 100% equity shares of Baldor Electric India Pvt Ltd Pune from Baldor Holdings Inc USA and Baldor Electric Switzerland AG Switzerland for a total consideration of Rs 3390 lakh. Baldor became a wholly owned subsidiary of the company with effect from December 1 2011.In 2012 the company wins Rs.75 crore order in India to power metro for pink city Jaipur(Rajasthan). The company also wins Rs 175 crore order to strengthen Western India's Power Grid. During the year the companies Gary Steel receives Lifetime Achievement Award in HR excellence.In 2013 the company inaugurates two new manufacturing plants for power products in India. During the year the Companies name was also changed name from ABB Ltd. to ABB India Ltd. During 2014 the company set up a substation in Southern India to help meet growing power demand. The company also commissions world record voltage circuit breaker during the year under review. The company wins Rs. 334 Crore orders to boost power capacity and strengthen during the year. The company also wins power products orders worth Rs. 310 crore in India during the year under review. In 2015 the company won an order worth Rs 256 crore from Ceylon Electricity Board (CEB) Sri Lanka. during the year the company also won an order of Rs 90 crore from Techno Electric and Engineering Company (Techno).During the year the company launches freehome - Making home automation easier than ever. The company also wins Rs.125 crore order to upgrade three substations in agricultural belt. The company during the year also secured orders worth Rs 119 crore to provide plant electrification automation and substation solutions for solar power plants. During the year under review the company also introduced the first 800 kilovolt (kV) converter transformer which is manufactured at their Vadodara facility in Gujarat.

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