ABB has registered 20% drop in its standalone net profit at Rs 47.64 crore for the first quarter ended March 31, 2012 as compared to Rs 59.55 crore for the same period previous year. The total income of the company has decreased marginally by 0.46% to Rs 1,792.17 crore from 1,800.50 crore for the corresponding quarter in FY11.
ABB is a global leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact. UHVDC transmission is a development of HVDC, a technology pioneered by ABB more than 50 years ago, and represents the biggest capacity and efficiency leap in over two decades.
