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ABB India jumps after completing large-scale remote commissioning of winder drives at ITC’s Papers Division

16 Dec 2020 Evaluate

ABB India is currently trading at Rs. 1174.95, up by 21.75 points or 1.89% from its previous closing of Rs. 1153.20 on the BSE.

The scrip opened at Rs. 1159.95 and has touched a high and low of Rs. 1178.30 and Rs. 1159.95 respectively. So far 2515 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,411.80 on 13-Jan-2020 and a 52 week low of Rs. 722.45 on 27-May-2020.

Last one week high and low of the scrip stood at Rs. 1187.00 and Rs. 1145.50 respectively. The current market cap of the company is Rs. 24825.07 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 9.81% and 15.19% respectively.

ABB India has completed a large-scale remote commissioning of winder drives, upgrading and commissioning PM5 installations at ITC’s Paperboards and Specialty Papers Division mill in south-central India. This project included upgrading the mill’s complete winder drive system to ABB’s latest ACS880 drives, AC motors, AC800M controller and process panel, as well as ensuring that all new assets were fully commissioned and ready for operation.

Following studies of the existing machine, detailed task planning, and numerous checks on the safety aspects of every task, ABB’s domain expertise helped the team complete the commissioning in just three days.

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.

ABB India Share Price

7029.95 142.35 (2.07%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Havells India 1305.85
Siemens 3706.55
Apar Inds 11474.15
ABB India 7029.95
Waaree Energies 3471.45
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