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ABB India Ltd.

BSE: 500002 Sector: Engineering
NSE: ABB ISIN Code: INE117A01022
BSE 00:00 | 18 Jul 1187.55 3.60
(0.30%)
OPEN

1183.95

HIGH

1198.00

LOW

1183.00

NSE 00:00 | 18 Jul 1186.50 3.60
(0.30%)
OPEN

1191.75

HIGH

1200.00

LOW

1183.00

OPEN 1183.95
PREVIOUS CLOSE 1183.95
VOLUME 3266
52-Week high 1744.40
52-Week low 1123.00
P/E 58.18
Mkt Cap.(Rs cr) 25,164
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 1183.95
CLOSE 1183.95
VOLUME 3266
52-Week high 1744.40
52-Week low 1123.00
P/E 58.18
Mkt Cap.(Rs cr) 25,164
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. In 2013 the company inaugurates two new manufacturing plants for power products in India. During the year the company's name was 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.On 5 April 2016 ABB India announced that it has signed a memorandum of understanding with the Indian Institute of Technology Madras (IITM) to enter a technical cooperation to build microgrids as well as joint R&D in the field of rural electrification utilization of natural non-fossil resources battery energy storage and their connection to loads and main grid. IITM and ABB will jointly work to design build and supply equipment for up to two such microgrids in rural areas. Along with ABB equipment the microgrid will enable homes to be fitted with energy efficient DC devices like LED bulbs TV Cell phone charges Brushless DC motor based fans specially designed by IITM. The project shall be managed by IITM till the transfer of the installations to the local distribution utility (DISCOM).On 1 September 2016 ABB India inaugurated a new solar inverter manufacturing facility in Bengaluru. The facility is set to double the solar inverter manufacturing capacity of the company. On 14 September 2016 ABB India announced that it has commissioned a state-of-the-art solution for shore-to-ship power supply for ships at the V.O.Chidambaranar Port formerly the Tuticorin Port. This solution expands the scope of the green agenda beyond renewable power to technology which will enable ships docking at a port to plug for power instead of running on polluting diesel generators and using expensive power.On 7 October 2016 ABB India announced that it has developed manufactured and energized a 1200-kilovolt (kV) ultrahigh voltage power transformer to support India's plans to build a 1200 kV transmission system supplementing the existing 400 kV and 800 kV transmission grid as demand for electricity increases. This 1.2 million volt transformer represents the highest alternating current voltage level in the world and is installed at the national test station at Bina Madhya Pradesh in Central India as part of a collaborative initiative by the country's central transmission utility Power Grid Corporation of India Limited (POWERGRID). The transformer was manufactured and tested at ABB's facility in Vadodara.On 5 December 2016 ABB India announced that it has signed an MoU with NITTTR to establish a first of its kind SCoE for teachers students and industry engineers to develop a deeper understanding of the underlying multi-physics and design principles for the manufacturing of various best in class electro-mechanical equipment in India. The electro-mechanical equipment industry is a critical element in the success of the proposed exponential growth in the Indian power sector and needs to reach a quality level among the best in class to become a manufacturing hub of global repute.On 21 March 2017 ABB India announced that it has restored and modernized the critical 1035 MW Sharavathi hydropower plant in Karnataka which approximately accounts for 25 percent of the state utility Karnataka Power Corporation's power generation.On 4 May 2017 ABB India inaugurated two new facilities that support the nation's digital transformation energy saving technology and rise in industrial productivity. In Bengaluru ABB India launched India's first digitalized remote service center for its energy saving drives solutions and added a new production line for digitalized low voltage drives. The ABB remote service center will provide 24x7 access to information and support on drives installed at customer facilities for predictive maintenance and condition monitoring for all industries including power cement oil and gas metals food & beverage and many other applications. The new center is the third of its kind in the ABB global footprint and is now fully activated in India. It will support customer installations in India and around the world.On 30 August 2017 ABB India announced that it has surpassed the 5 GW milestone for the supply of solar inverters in India. Inverters are the heart of solar installations and ABB pioneered inverter production in the country in 2012.On 10 January 2017 ABB India announced that it has won a mega Rs 4350 crore project from Power Grid Corporation of India Limited to deliver a transmission link that will have the capacity to bring reliable electricity to more than 80 million people. The Raigarh-Pugalur 800 kilovolt (kV) ultrahigh-voltage direct current (UHVDC) system will connect Raigarh in Central India to Pugalur in the southern state of Tamil Nadu. The 1830 kilometer (km) link will be among the longest in the world.On 19 January 2018 ABB India inaugurated a new factory for the production of power distribution products in Nashik in Maharashtra. The best in class smart facility will be export focused. This factory is the only one in the ABB universe to manufacture certain categories of products and supply across the globe. The factory will manufacture outdoor products for substations like live tank vacuum-circuit breaker auto reclosers and indoor ones like gas-insulated switchgear. The reclosers are used on overhead power distribution systems to detect and interrupt momentary faults and to improve uptime of the system. The gas-insulated switchgear (GIS) which occupy upto 45 percent less space than air insulated switchgears freeing up space for power distribution and is very popular across industrial sectors like steel cement marine and also in distribution networks due to its high reliability and safety.On 15 February 2018 ABB India announced the installation of an electric-vehicle fast charging station at NITI Aayog in the national capital. ABB's 50kW fast charging station can provide a full charge to an electric vehicle in only 30 minutes.On 27 March 2018 ABB India inaugurated one of the first smart factories in Bangalore for the production of electrical protection and connection solutions. The facility will be located on the existing factory premises of Nelamangala in Bangalore the start-up and IT capital of India. The smart factory which is part of ABB's manufacturing 19-acre Nelamangala campus will house the production line for the entire range of ABB's protection and connection business which helps to protect power systems from surges and enables a reliable power supply for various installations. The Bangalore facility will manufacture ABB's range of air and molded case circuit breakers electronic and thermal relays contactors pilot devices and ABB's latest range of plug and play low-voltage circuit breaker Emax 2. The products are key in optimizing resources reducing energy and life-cycle costs and boosting the productivity of industrial installations across sectors like process industries (cement textile chemicals and metals) marine data centers and automotive.