ABB India is currently trading at Rs. 832.30, up by 9.85 points or 1.20% from its previous closing of Rs. 822.45 on the BSE.
The scrip opened at Rs. 824.95 and has touched a high and low of Rs. 840.50 and Rs. 824.95 respectively. So far 5943 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 869.90 on 02-Apr-2014 and a 52 week low of Rs. 448.10 on 30-Aug-2013.
Last one week high and low of the scrip stood at Rs. 869.90 and Rs. 813.00 respectively. The current market cap of the company is Rs. 17609.59 crore.
The promoters holding in the company stood at 75.00 % while Institutions and Non-Institutions held 16.44 % and 8.56 % respectively.
ABB India, power and automation technologies provider has secured an order worth $18 million from Power Grid Corporation of India. The order is for constructing a 400 kV gas-insulated switchgear (GIS) substation at Kolhapur in Maharashtra.
The scope of the project, which is expected to be completed in 2016, includes design, engineering, supply, installation and commissioning of the substation. The company will supply 400 kV GIS, shunt reactors, control and relay panels based on IEC 61850 platform.
ABB’s latest GIS technology will help reduce the substation’s footprint significantly, while ensuring efficiency and reliability.
ABB is a leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in around 100 countries and employs more than 150,000 people.
