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    500002   INE117A01022

ABB INDIA LIMITED

(500002)
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End-of-day quote Bombay Stock Exchange  -  2022-07-04
2362.00 INR   +0.06%
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ABB India Announces the Inauguration of Its Expanded Digital Substation Products and Digital Systems Factory

04/08/2022 | 02:56am EDT

ABB India announced the inauguration of its expanded Digital Substation Products and Digital Systems factory in Vadodara, Gujarat. Located within ABB India's largest manufacturing campus, this new factory will meet the growing demand for a wide range of digital substation products and digital solutions in India and in more than 50 countries. The manufacturing portfolio includes products like relays, while the solutions range from centralized protection and control systems, distribution automation, to bus transfer systems and arc protection for the electrical distribution network. These products are deployed across multiple industries from cement, steel, oil and gas to utilities (power distribution companies) and renewable energy projects through OEMs. This facility manufactures four variants or series of relays, constituting a significant portion of ABB's portfolio of this product. The manufacturing of relays follows a complex testing sequence comprising of high voltage test, functional test and heat run test. ABB is one of the first in the industry to have automated the entire testing sequence. A special packaging software has been deployed which allows the products to be placed in the packaging bay only after checking the correct sequence of testing. Distribution Automation systems also enable remote monitoring and control of relays. By supervising the safe continuity of electrical networks and reliable power distribution, relays, centralized protection and control systems will play a critical role in India's renewable energy and carbon reduction targets. The Indian government has a vision to increase the local manufacturing of electrical and electronic equipment, making India a global hub by setting up dedicated manufacturing zones in the country.


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Financials
Sales 2022 85 166 M 1 074 M 1 074 M
Net income 2022 6 957 M 87,8 M 87,8 M
Net cash 2022 28 659 M 362 M 362 M
P/E ratio 2022 77,3x
Yield 2022 0,28%
Capitalization 501 B 6 314 M 6 314 M
EV / Sales 2022 5,54x
EV / Sales 2023 4,60x
Nbr of Employees 3 149
Free-Float 25,0%
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Number of Analysts 0
Last Close Price 2 362,00
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Managers and Directors
Sanjeev Sharma Managing Director & Director
Sridhar Krishnaswamy Tyagavalli Chief Financial Officer
Trivikram Guda Secretary & Compliance Officer
Vegulaparanan Kasi Viswanathan Independent Non-Executive Director
Gopika Pant Independent Director
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