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ABB Company- All news related 2 this company...

Discuss ABB Company- All news related 2 this company... within the Company Profiles & News !! forums, part of the Mirror View - Ebooks Links & Miscellenous Reading Material category; ABB Q1 net rises 63% to Rs 28 cr. TIMES NEWS NETWORK[ FRIDAY, APRIL 15, 2005 01:05:55 AM] BANGALORE: Power ...

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vishal1986
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ABB Company- All news related 2 this company... - September 5th, 2005

ABB Q1 net rises 63% to Rs 28 cr.
TIMES NEWS NETWORK[ FRIDAY, APRIL 15, 2005 01:05:55 AM]
BANGALORE: Power & automation technology major ABB on Thursday announced a 38% increase in its topline and 63% rise in bottomline for Q1 ended March 31, 05 on the back of growing orders from power, steel, oil & gas and automation sectors, apart from revenues contributed by new lines of business.
The company clocked revenues of Rs 619 crore (Rs 448 crore) and net profit of Rs 27.5 crore (Rs 16.9 crore) for the quarter. It saw an order intake of Rs 894 crore, a 51% increase over the corresponding period last year.
According to ABB India vice-chairman & MD, Ravi Uppal, the heightened activity in the energy sector, especially from power utilities like PowerGrid Corporation, NTPC and SEBs, the expansion of transmission networks, rural electrification programmes, and the resurgence of core industries, have offered fresh market opportunities for the company.
Productivity improvement, operational efficiencies and volume expansion (at Nashik and Baroda plants) also contributed to Q1 numbers.
The company launched a modern facility in Bangalore for its new range of ACS550 drives, the fourth such production unit for ABB globally. Product exports were up 28% on increased orders from China, Malaysia and Thailand.



ABB to invest $100mn
PTI[ MONDAY, NOVEMBER 22, 2004 05:02:59 PM]
BANGALORE: Power equipment major ABB India on said it would invest $100 million (Rs 450 crore) over three years in expanding its manufacturing base in the country.
"We shall expand our portfolio and range of offering in India and are in the process of establishing several new plants and local manufacturing facilities," ABB Global CEO designate Fred Kindle told reporters here.
The investment, beginning this year, would be on setting up new manufacturing lines for High Tension (HT) machines, distribution transformers and traction transformers at Vadodara, electronic AC devices, control products and several low voltage products at Bangalore, and packaged substations and Ring Main Units (RMU) at Nashik.
Kindle, who is on his maiden visit to India as ABB executive, will be taking over as ABB's group CEO from January 2005.
India has become a global resource base for projects, products, services, R&D and engineering, Kindle said, adding, the research centre here, currently with 100 professionals will have a strength of over 500 in the next two years.
ABB India vice Chairman and country manager Ravi Uppal said the firm would be increasing its headcount in engineering, R&D and manufacturing over the next few years.
"We will double our India revenue over the next few years," Kindle said, but declined to specify a time frame for the target. Kindle said there would be more sourcing of products and services from India and "unless we take advantage of that, we will fall prey to competition".
"Bullish" on India and China for future growth for ABB's products, Kindle said the firm's global strategy was "profitability and growth" and it was equally keen in expanding share in Europe and the US, where there has been under investment in the power sector for decades.
He said globally, ABB, which is in a stabilising mode, would look at acquisitions only in the longer term and instead focus on its core business in increasing business and profitablity.






ABB invests Rs 15 cr in manufacturing unit
PTI[ MONDAY, MAY 03, 2004 06:44:29 PM]
BANGALORE: ABB India has invested Rs 15 crore in a manufacturing unit to produce electrical wiring accessories, marking the firm's entry into the fast growing segment in the country.
According to ABB India vice-chairman and managing director Ravi Uppal, the firm will make an initial debut in South India with its electrical wiring accessories, including switches, to capture a share in the Rs 800 crore organised electrical wiring accessories market.
"The market is growing at a 12 per cent to 15 per cent rate, about Rs 100 crore annually and we hope to gain some share," Uppal said.
The growth, he said, is fuelled by rising construction activities in both commercial and residential segment across the country.
The company would leverage its over 400 channel partners to target both institutional and retail buyers in the country, Uppal added.
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Re: ABB Company- All news related 2 this company... - December 15th, 2007

very good airline
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Re: ABB Company- All news related 2 this company... - October 15th, 2013

informative project! easy to understand! Good work.
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