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ABB seeing some customers shift investments away from China ABB is seeing some customers shifting investments from China to India and other parts of Asia due to geopolitical tensions, the industrial and engineering group's Chief Executive Bjorn Rosengren said on Thursday. The maker of factory robots and automation systems reported a 9% drop in new orders from China - ABB's second biggest market - during the three months to the end of June. The downturn was compensated by growth in other parts of Asia, with India increasing new orders by ...
ABB seeing some customers shift investments away from China
ABB seeing some customers shift investments away from China
Source: Reuters
20/07/2023 3:23:49 PM
ABB India surges on expanding smart power factory in Bengaluru ABB India is currently trading at Rs. 3183.30, up by 12.55 points or 0.40% from its previous closing of Rs. 3170.75 on the BSE. The scrip opened at Rs. 3111.05 and has touched a high and low of Rs. 3220.70 and Rs. 3045.60 respectively. So far 11525 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 3,220.70 on 29-Aug-2022 and a 52 week low of Rs. 1740.75 on 27-Aug-2021. Last one week high and low of the scrip stood...
ABB India surges on expanding smart power factory in Bengaluru
ABB India surges on expanding smart power factory in Bengaluru
Source: Accord Fintech
29/08/2022 3:41:33 PM
Strong growth in Q4 fuels solid CY 2021 performance for ABB India Despite supply chain challenges, ABB India has earned revenues of Rs. 6,934 crore for calender year (CY) 2021, an increase of 19 per cent as compared to CY 20. Announcing the CY 2021 and Q4 results on Friday, the company attributed the growth to capacity expansion and strong backlog execution. For Q4, the company reported Rs. 2,101 crore revenue, which is higher by 24 per cent as compared to Q4 last year. ABB India posted one of the biggest growth in orders in recent years. The value...
Strong growth in Q4 fuels solid CY 2021 performance for ABB India
Strong growth in Q4 fuels solid CY 2021 performance for ABB India
Source: IANS
12/02/2022 9:27:48 AM
ABB may list electric car charging business, first-quarter profit jumps by a third ZURICH  - ABB said on Tuesday it is considering a stock market listing for its electric vehicle charging business, as profit at the Swiss engineering group jumped by a third to return to pre-pandemic levels in the first quarter. The maker of industrial motors and drives has already begun carving out its e-mobility business into a separate legal entity ahead of a potential initial public offering (IPO). "These steps will allow us to prepare for a possible public listing, creati...
ABB may list electric car charging business, first-quarter profit jumps by a third
ABB may list electric car charging business, first-quarter profit jumps by a third
Source: Reuters
27/04/2021 1:50:02 PM
ABB, AWS to build EV fleet management platform Swiss automation and technology company ABB has announced a collaboration with Amazon Web Services (AWS) to create a Cloud-based platform for the real-time fleet management of EVs. According to the companies, the platform will optimise the efficient use of EVs and speed up the electrification of transport fleets, helping operators worldwide maintain 100 per cent business continuity as they transition to fully electric. "This new solution will revolutionise the world of electric mob...
ABB, AWS to build EV fleet management platform
ABB, AWS to build EV fleet management platform
Source: IANS
30/03/2021 3:31:27 PM
ABB Power Products Q4 net profit jumps 54.90% at Rs 54.96 cr The company reported standalone net profit of Rs 54.96 crore for the quarter ended December 31, 2020 as compared to Rs 35.48 crore in the same period last year, registering a year-on-year growth of 54.90 per cent. Net revenue of the company declined by 5.30 per cent at Rs 1,043.61 crore in October-December quarter of this fiscal as against Rs 1,102.06 crore in the corresponding period last year. During October-December quarter, operating expenses dropped by 2.93 per cent to Rs 972...
ABB Power Products Q4 net profit jumps 54.90% at Rs 54.96 cr
ABB Power Products Q4 net profit jumps 54.90% at Rs 54.96 cr
Source: Dion Global Solutions Ltd
27/02/2021 2:45:00 PM
ABB sees gradual improvement during 2021 after cautious start ZURICH  - ABB expects a gradual improvement in customer demand during 2021, the Swiss engineering company said on Thursday, although the return of COVID-19 restrictions towards the end of last year had increased market uncertainties. The maker of industrial robots and drives, which posted a surprise net loss during its fourth quarter, said it was seeing positive developments in some sectors. But while customers in construction, distribution, consumer electronics, and food and bever...
ABB sees gradual improvement during 2021 after cautious start
ABB sees gradual improvement during 2021 after cautious start
Source: Reuters
4/02/2021 1:45:53 PM