ABB surges on plans to develop 1,200 kilovolt ultra high-voltage circuit breaker

ABB is currently trading at Rs. 834.80, up by 10.90 points or 1.32% from its previous closing of Rs. 823.90 on the BSE.

The scrip opened at Rs. 834.30 and has touched a high and low of Rs. 838.90 and Rs. 831.80 respectively. So far 1901 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 915.00 on 17-Feb-2012 and a 52 week low of Rs. 541.10 on 20-Dec-2011.

Last one week high and low of the scrip stood at Rs. 850.00 and Rs. 810.30 respectively. The current market cap of the company is Rs. 17736.73 crore.

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

ABB, the leading power and automation technology group, will develop, design and manufacture a 1,200 kilovolt (kV) circuit breaker, the highest AC voltage level in the world. The innovative circuit breaker will be deployed at a national test station being constructed by Power Grid Corporation of India (PGCIL), India’s central transmission utility, at Bina in the central Indian state of Madhya Pradesh.

The innovative circuit breaker will being jointly developed by ABB engineers in Switzerland and India, with the support of PGCIL, and will be manufactured at ABB’s production facility in Vadodara, India.

ABB’s 1,200 kV circuit breaker is safely housed along with the disconnector in a tank filled with insulating gas. This unique design can result in a space saving of up to 60 percent compared with conventional designs.

Besides, the configuration also protects critical components from environmental exposure and brings down the center-of-gravity, thereby increasing its ability to withstand seismic events. Other design features include modular ring type current transformers, partial discharge sensors and composite bushings.