Hitachi ABB Power Grids surges on unveiling comprehensive program to achieve carbon-neutrality target

26 May 2021 Evaluate

ABB Power Products & Systems India is currently trading at Rs. 1892.00, up by 84.30 points or 4.66% from its previous closing of Rs. 1807.70 on the BSE.

The scrip opened at Rs. 1818.35 and has touched a high and low of Rs. 1937.60 and Rs. 1790.00 respectively. So far 9933 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1,937.60 on 26-May-2021 and a 52 week low of Rs. 810.00 on 26-May-2020.

Last one week high and low of the scrip stood at Rs. 1937.60 and Rs. 1698.15 respectively. The current market cap of the company is Rs. 8022.43 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 6.53% and 18.47% respectively.

Hitachi ABB Power Grids in India (listed on the stock exchanges as ABB Power Products and Systems India) has unveiled comprehensive program to achieve carbon-neutrality targets in its own operations by 2030. The company will also continue to mobilise resources to safeguard employees and aid India’s COVID-19 relief efforts. The carbon-neutral program is designed to reduce the carbon footprint of its own operations and in the products that it delivers.

The goal of the program is aligned with India’s Mission Innovation and the United Nations’ Sustainable Development Goal 7 -- to increase access to affordable and clean energy. The company expects to achieve its carbon-neutral target of 100 per cent fossil-free electricity by the close of FY22. Two more targets relate to a 50 per cent reduction in waste generation and cutting freshwater usage by 25 per cent, progressively through the next ten years.

ABB Power Products and Systems India (APPSIL) is the Indian arm of ABB Power Grids - a global leader in power technologies, providing the most comprehensive grid portfolio across the entire value chain.

Hitachi Energy India Share Price

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