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ABB India to segregate power grids business from other businesses

14 Feb 2019 Evaluate

ABB India has been granted in-principle approval for the segregation of the company’s power grids business from the company’s other businesses. The Board of Directors of the Company at its meeting held on February 13, 2019 has approved the same. The Board has determined that a court-approved demerger is the preferred option.

ABB India is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally.

Peers
Company Name CMP
Waaree Energies 2396.50
Apar Industries 18171.00
Havells India 1059.50
Suzlon Energy 38.35
Siemens 3804.45
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