ABB India surges on opening first smart instrumentation factory in Bangalore
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ABB India is currently trading at Rs. 3137.10, up by 89.60 points or 2.94% from its previous closing of Rs. 3047.50 on the BSE.
The scrip opened at Rs. 3056.15 and has touched a high and low of Rs. 3192.75 and Rs. 3056.15 respectively. So far 10404 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3445.65 on 02-Sep-2022 and a 52 week low of Rs. 1944.60 on 28-Mar-2022.
Last one week high and low of the scrip stood at Rs. 3192.75 and Rs. 2945.30 respectively. The current market cap of the company is Rs. 66747.96 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 17.28% and 7.70% respectively.
ABB Measurement & Analytics has opened its first smart instrumentation factory in Bangalore, India, to support the region’s ambition of transforming into a global design and manufacturing hub. Aligned with the local government’s ‘Make in India’ program aimed at supporting local economy, the factory is equipped with state-of-the-art manufacturing technology to meet the growing demand for instrumentation devices that enables more efficient and sustainable customer operations. The modular factory design allows the expansion of production capacities and new products in line with the market demand.
The new plant will manufacture field devices such as pressure and temperature transmitters, IP convertors and electromagnetic flowmeters for a wide variety of industries, including power, oil and gas, pharmaceutical, water and other segments.
ABB India is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future.
