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ABB Power zooms 33% in 3 days on tie-up with Ashok Leyland for e-bus pilot

The company has signed an MoU with Ashok Leyland and the IIT-Madras for an e-mobility pilot

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SI Reporter Mumbai
Shares of ABB Power Products and Systems India rose 13 per cent to Rs 1,296, also its new high on the BSE on Tuesday.

In the past three days, the stock zoomed 33 per cent after Hitachi ABB Power Grids in India, listed on the stock exchanges as ‘ABB Power Products and Systems India Ltd.’, has signed a Memorandum of Understanding (MoU) with Ashok Leyland and the Indian Institute of Technology Madras (IITM) for an e-mobility pilot. The triumvirate will run an electric bus (e-bus) pilot for in-campus commuting by IITM’s students and staff.

“The development of India's