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ABB surges on bagging contract to supply 200 electric chargers

09 Jul 2013 Evaluate

ABB India is currently trading at Rs 592.60, up by 2.15 points or 0.36% from its previous closing of Rs 590.45 on the BSE.

The scrip opened at Rs. 593.05 and has touched a high and low of Rs 597.00 and Rs 591.00 respectively. So far 1297 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 830.00 on 12-Nov-2012 and a 52 week low of Rs 469.00 on 10-Apr-2013.

Last one week high and low of the scrip stood at Rs 627.20 and Rs 581.00 respectively. The current market cap of the company is Rs 12587.36 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 16.06% and 8.94% respectively.

Power equipment manufacturing company ABB has reportedly bagged a contract from a Dutch firm Fastned to supply over 200 electric chargers. Fastned, which is building a network of 200 electric-vehicle charging stations along highways in Netherlands, will be equipped with several multi-standard fast chargers. 

The first ABB terra fast chargers are expected to be delivered in September and the construction of the stations, which will have solar canopies, is scheduled to be completed by 2015. ABB's open standards-based cloud connectivity solution will allow Fastned to create a user-friendly payment and access service for all drivers.

ABB is a global leader in power and automation technologies that enable utility and industry customers to improve their performance while lowering environmental impact.

Peers
Company Name CMP
Waaree Energies 2503.95
Apar Industries 17070.25
Havells India 1091.95
Suzlon Energy 42.13
Siemens 3748.10
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