Private orders trickle in for ABB India

More orders like Technopark critical to support the profitability of its core power grid division

ABB India's stock gained over five per cent on the back of a critical order win from Technopark to build a digital substation for an information technology park. The order win is important for ABB on two counts. Technopark's order is the first order win for a digital substation from a private player. Therefore, in a sense, this win can be seen as private orders on the cusp of revival for the heavy engineering sector, though there is still a long way to go if numbers were to touch the 2011-13 levels. Second, the order is important to support the