ABB India surges on expanding smart power factory in Bengaluru
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ABB India is currently trading at Rs. 3183.30, up by 12.55 points or 0.40% from its previous closing of Rs. 3170.75 on the BSE.
The scrip opened at Rs. 3111.05 and has touched a high and low of Rs. 3220.70 and Rs. 3045.60 respectively. So far 11525 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3,220.70 on 29-Aug-2022 and a 52 week low of Rs. 1740.75 on 27-Aug-2021.
Last one week high and low of the scrip stood at Rs. 3220.70 and Rs. 2846.95 respectively. The current market cap of the company is Rs. 66786.10 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 12.12% and 12.88% respectively.
ABB India has expanded and upgraded its Smart Power factory in Nelamangala, Bengaluru, to meet the strong demand growth for its Smart Power solutions and energy management technologies with one of the first Industry 5.0 production processes. The smart facility harnesses advanced collaborative robotics technology for better human-machine interface, artificial intelligence (AI) and advanced digitalization technologies to create a sophisticated, automated, and flexible future-ready factory.
This first-of-its-kind facility manufactures, tests, and supplies ABB Smart Power’s complete range of low voltage power equipment and energy management technologies to meet demand from the industry for increased reliability and energy savings. It caters to the increasing demand across sectors including commercial and residential buildings, infrastructure, utility and renewable energy systems of solar, wind and many others where electricity is consumed.
ABB India is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future.
