ABB India gains on bagging order worth Rs 172 crore

30 Sep 2014 Evaluate

ABB India is currently trading at Rs 1159.00, up by 4.60 points or 0.40% from its previous closing of Rs. 1154.40 on the BSE.

The scrip opened at Rs 1154.40 and has touched a high and low of Rs 1164.95 and Rs 1153.55 respectively. So far 1236 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 1263.50 on 22-Sep-2014 and a 52 week low of Rs. 535.15 on 09-Oct-2013.

Last one week high and low of the scrip stood at Rs. 1250.00 and Rs. 1091.05 respectively. The current market cap of the company is Rs. 24499.79 crore.

The promoters holding in the company stood at 75.00 % while Institutions and Non-Institutions held 16.83% and 8.17% respectively.

ABB India, power and automation technologies provider, has secured an order worth Rs 172 crore Power Grid Company of Bangladesh (PGCB), the country's leading transmission utility, to provide four new turnkey substations and help expand six others, to enhance transmission capacity and boost power supply to meet growing demand for electricity.

The four new 132/33kV substations will be constructed at Rangamati, Khagrachori, Bianbazar and Sunamganj. Additionally, six existing substations will undergo expansion. This initiative is part of the country's ongoing Power Systems Expansion and Efficiency Improvement Program, aimed at upgrading the country's generation, transmission and distribution systems to increase capacity, improve efficiency, enhance power reliability and reduce environmental impact.

ABB's project scope includes design, supply, installation and commissioning of the substations. Key ABB product supplies include power transformers, high and medium voltage switchgear, control and protection equipment and substation automation systems conforming to global IEC 61850 open communication standards.

ABB India 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.

ABB India Share Price

8308.90 226.75 (2.81%)
16-May-2024 16:01 View Price Chart
Peers
Company Name CMP
Siemens 7079.70
Havells India 1775.30
Apar Inds 8065.00
ABB India 8308.90
CG Power & Indl.Soln 629.85
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