Business Standard

ABB to invest Rs 1,000 cr in India in next 5 years; new facility in Nashik

Electrification and automation company ABB India on Friday announced to invest Rs 1,000 crore in the country in the next five years

ABB India net profit jumps four-fold to Rs 68 crore in June quarter

Press Trust of India Nashik
Electrification and automation company ABB India on Friday announced to invest Rs 1,000 crore in the country in the next five years.
The company, which inaugurated a new facility in Nashik on Friday, will be investing the money in adding capacity across the country, its country head and managing director Sanjeev Sharma said here.
According to him, ABB India is planning to invest Rs 1,000 crore in the next five years for capacity expansion.
Its new factory spread across 78,000 sq ft will help double the Gas Insulated Switchgear (GIS) production capacity, a statement said.
The new facility will manufacture primary and secondary GIS. It will serve the power distribution, smart cities, data centres, transport (metro, railways), tunnels, ports, highways and other infrastructure developments, it said.
It deploys advanced robotics for manufacturing which connects people, processes, assets, and is capable of relaying real-time data for enhanced productivity.
The company also launched an eco-efficient switchgear.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Topics : ABB Nashik

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 24 2023 | 8:43 PM IST

Explore News