B N Rathi Securities jumps after transferring 100% equity stake of subsidiary
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ABB India is currently trading at Rs. 3337.85, up by 15.45 points or 0.47% from its previous closing of Rs. 3322.40 on the BSE.
The scrip opened at Rs. 3333.10 and has touched a high and low of Rs. 3381.80 and Rs. 3301.65 respectively. So far 4072 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. 3426.95 and Rs. 3290.15 respectively. The current market cap of the company is Rs. 70646.01 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 17.28% and 7.72% respectively.
ABB India has delivered integrated automation and control solutions to enable the safe, secure, and reliable operation of the 130-kilometer Indo-Bangla Friendship Pipeline (IBFPL), which will carry diesel from India to Bangladesh. With a potential capacity of one million metric tonnes per annum (MMTPA), it will enable Bangladesh to access large volumes of energy to meet its growing domestic demand.
ABB Ability SCADAvantage, Remote Terminal Units (RTUs), and leak detection system will allow Numaligarh Refinery (NRL) to remotely monitor and control vital pipeline parameters such as flow, pressure, and temperature, as well as detect leaks. ABB solutions will provide real-time data on the performance of the pipeline network by generating reports, history sheets, critical messages, and alarms, all of which will maximise efficiency and safety.
The diesel will be transported from NRL’s marketing terminal at Siliguri, to the Bangladesh Petroleum Corporation's oil depot in Parbatipur. Approximately 6 km of the pipeline - which is the first of its type between the two countries - will be within the territory of India, with the remainder within the territory of Bangladesh.
ABB India is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future.
