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ABB India is currently trading at Rs. 3850.60, up by 34.85 points or 0.91% from its previous closing of Rs. 3815.75 on the BSE.

The scrip opened at Rs. 3811.00 and has touched a high and low of Rs. 3859.65 and Rs. 3809.40 respectively. So far 14673 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3,859.65  on 11-May-2023 and a 52 week low of Rs. 2121.00 on 20-Jun-2022.

Last one week high and low of the scrip stood at Rs. 3859.65 and Rs. 3463.20 respectively. The current market cap of the company is Rs. 81690.68 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 17.43% and 7.57% respectively.

ABB India has expanded its production footprint with a new line for variable speed drive modules at the Peenya factory in Bengaluru. The new line will produce drives ranging from 75 kW to up to 250 kW and will cater to all major industrial segments. ABB’s variable speed drives are used to control the speed of electric motors to match the actual demands of the process to improve energy efficiency and performance in any industrial application or any building globally. When added to the existing motor of a pump, fan or compressor, a drive can typically reduce power consumption by up to 25%.

Part of the integrated campus that houses ABB’s corporate office and other business’ factories, this new production line aims to meet the growing demand of domestic and global customers. With local manufacturing, now customers in India will get faster access to the products, their customization options, and quick serviceability. The expansion will also strengthen the local supplier eco-system for ABB low voltage AC drives portfolio.

ABB India is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future