ABB soars on securing order worth Rs 175 crore from Power Grid

01 Dec 2011

ABB is currently trading at Rs. 609.00, up by 11.10 points or 1.86% from its previous closing of Rs. 597.90 on the BSE.

The scrip opened at Rs. 619.00 and has touched a high and low of Rs. 621.90 and Rs. 596.05 respectively. So far 18224 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 907.50 on 02-Aug-2011 and a 52 week low of Rs. 571.30 on 24-Nov-2011.

Last one week high and low of the scrip stood at Rs. 627.00 and Rs. 573.40 respectively. The current market cap of the company is Rs. 12670.00 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 15.96% and 9.04% respectively. 

ABB has bagged order worth Rs 175 crore from Power Grid Corporation of India to supply equipment for the Champa transmission substation in the central Indian state of Chhattisgarh. The Champa substation will be a pooling receiving power at 765 and 400 kilovolt (kv) and is part of Powergrid’s plan to build a stronger national grid in India.  The company’s project scope includes the design, engineering, supply, installation and commissioning of the 765 kv and 400 kv switchyards, including the civil works. Key products to be supplied include circuit breakers, current transformers, capacitive voltage transformers, surge arrestors and protection, control and relay panels.

The company will also supply an IEC 61850, open standards based substation automation system to facilitate communication between the numerous devices within the substation and beyond.

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

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