ABB India gains on completing remote commissioning of new actuator for ITC Paperboards, Specialty Papers
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ABB India is currently trading at Rs. 2094.75, up by 5.60 points or 0.27% from its previous closing of Rs. 2089.15 on the BSE.
The scrip opened at Rs. 2098.15 and has touched a high and low of Rs. 2132.70 and Rs. 2081.10 respectively. So far 3450 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 2469.60 on 25-Jan-2022 and a 52 week low of Rs. 1300.00 on 12-Apr-2021.
Last one week high and low of the scrip stood at Rs. 2315.95 and Rs. 2044.55 respectively. The current market cap of the company is Rs. 44330.17 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 11.79% and 13.21% respectively.
ABB has successfully completed the installation and remote commissioning of the new Slice xP (II) Profiler system, a new actuator for slice lip weight control, at ITC’s Tribeni mill in West Bengal, India.
The project, managed by the specialist Quality Control Systems (QCS) team at ABB India, included the replacement of ABB’s existing cross-direction (CD) weight control system (Slice Profiler) with the latest Slice xP (II) Profiler under product phase out notification. The Slice xP (II) is ABB’s latest actuator technology for slice lip weight control head boxes and falls within the weight extended profiling (xP) family designed to meet exacting specifications that exceed process requirements.
As a result of the upgrade to Slice xP, which is easy to install and maintain, ITC will benefit from reduced CD profile variability and advanced diagnostics through the built-in monitoring of each actuator. Its high-speed, non-contact positioning sensors ensure precision even after a power loss. This enables mills to achieve a fast recovery from grade changes and process upsets.
ABB India is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future.
