ABB India climbs on partnering with IIT Bombay to set up electrical machines and drives lab
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ABB India is currently trading at Rs. 8241.00, up by 179.50 points or 2.23% from its previous closing of Rs. 8061.50 on the BSE.
The scrip opened at Rs. 8061.55 and has touched a high and low of Rs. 8300.00 and Rs. 8061.55 respectively. So far 16087 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 9200.00 on 18-Jun-2024 and a 52 week low of Rs. 3847.50 on 26-Oct-2023.
Last one week high and low of the scrip stood at Rs. 8300.00 and Rs. 7968.70 respectively. The current market cap of the company is Rs. 175322.39 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 17.69% and 7.31% respectively.
ABB India and the Indian Institute of Technology Bombay (IIT Bombay) have partnered to establish a cutting-edge teaching laboratory for electrical machines and drives at the Department of Energy Science and Engineering on IIT Bombay’s campus. This partnership aims to provide undergraduate and postgraduate students with hands-on experience using modern industrial equipment and prepare undergraduate and post-graduate students for future roles in the fast-evolving energy and industrial sectors while promoting environmental sustainability.
The teaching lab will feature energy-efficient, mechanically coupled electrical machine sets, variable frequency drives (VFDs), and programmable logic controllers (PLCs), focusing on delivering practical training in electrical machines and drives. The laboratory will emulate various industrial applications, including those used in wind turbine generators and electric vehicle drivetrains, ensuring that students understand modern energy systems comprehensively. With support from ABB India, the lab will help foster the next generation of engineers, equipped with the knowledge and skills needed to innovate once they join the industry in the future sustainably.
ABB India is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future.
