ABB India soars on launching next generation compact drive specialized for HVACR Systems
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ABB India is currently trading at Rs. 4525.30, up by 57.55 points or 1.29% from its previous closing of Rs. 4467.75 on the BSE.
The scrip opened at Rs. 4480.05 and has touched a high and low of Rs. 4534.70 and Rs. 4480.00 respectively. So far 1220 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 4984.30 on 11-Jan-2024 and a 52 week low of Rs. 3056.00 on 27-Feb-2023.
Last one week high and low of the scrip stood at Rs. 4618.70 and Rs. 4380.00 respectively. The current market cap of the company is Rs. 95894.90 crore.
The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 17.64% and 7.36% respectively.
ABB India has launched its next generation compact drive, ACH180, for HVACR (heating, ventilation, air conditioning and refrigeration) equipment. As the newest addition to ABB’s HVACR drive portfolio, the ACH180 enables expert control of high-efficiency motors, while utilizing a compact design for space savings, lower capital expenditure and easier commissioning. With the current climate impact, there is a rising need for effective heating and cooling systems in India. While it is crucial that these systems have a sharp focus on boosting comfort and safety, they must also ensure energy savings, in line with the country’s ambitious plans to reduce emissions.
ABB’s new drive is designed for commercial buildings such as data centers, hotels, and shopping malls. The ACH180 drive’s design will allow operators to run motors based on the HVACR process demands, rather than running them at full speed and reducing output using mechanical controls like throttles or dampers. This greatly decreases energy consumption and CO? emissions. With a built-in filter to lower high-frequency emissions, it allows the drive to be used in industrial or domestic environments without the need to buy and install additional external filters.
ABB India is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future.
