Power equipment major ABB plans is mulling to foray into the EPC (engineering, procurement and construction) space for solar projects in India. The company currently partial does EPC’s like executing eBoP (Electrical Balance of Plant) for projects.
The company also is in the process of setting up a green field inverter manufacturing unit in India. Currently, inverters are imported from its unit in Finland. The Indian arm of Swiss automation and power firm, posted consolidated net profit of Rs 64.29 crore for the fourth quarter ended December 31. Moreover, it’s total Income was Rs 2,204.05 crore for the period.
However, the company’s standalone net profit witnessed 10-fold jump at Rs 64.1 crore, compared to Rs 6.8 crore in the same period, last fiscal. The company’s order-book rose 58% at Rs 2,209.3 crore as against Rs 1,394.2 crore during the same period of 2010-11.The Company’s order-book as on December 31, 2011 stands at Rs 9,128 crore.
