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ABB India is currently trading at Rs. 4351.00, up by 5.10 points or 0.12% from its previous closing of Rs. 4345.90 on the BSE.

The scrip opened at Rs. 4375.05 and has touched a high and low of Rs. 4431.75 and Rs. 4347.00 respectively. So far 2708 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4675.85 on 11-Sep-2023 and a 52 week low of Rs. 2640.45 on 26-Dec-2022.

Last one week high and low of the scrip stood at Rs. 4431.75 and Rs. 4214.25 respectively. The current market cap of the company is Rs. 92093.26 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 17.55% and 7.46% respectively.

ABB India has formed strategic partnership with Titagarh Rail Systems to supply propulsion systems for metro rolling stock projects in India. The partnership aligned with the Indian government’s ‘Make in India’ and ‘Atmanirbhar Bharat’ (self-reliant India) initiatives has already had an early success by winning orders to design and supply equipment for metro coaches for the state of Gujarat.

Titagarh specializes in the design, manufacture, supply, commissioning, and servicing of various passenger rolling stock and metro coaches for Indian and international markets. ABB is a world leader in the field of the design, manufacture and servicing of propulsion systems and electrical equipment relating to rolling stock used for railways and metro systems. The strategic partnership brings the two companies together to build on their potential and synergy to become an established player in the Indian market and expand its market base to other projects and countries.

The partnership covers an agreement for Titagarh to purchase ABB propulsion systems including traction converters, auxiliary converters, traction motors and TCMS software. It also includes securing the manufacturing rights and production license for traction motors along with the complete transfer of technology of the GoA 4 (Driverless metro) TCMS software from ABB to Titagarh. The strategic partnership is already underway with orders for propulsion equipment and TCMS for metro coaches in Gujarat - one of the leading industrialized states in India.

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