ABB India has revised the meeting of the Board of Directors which was scheduled to be held on 18 February 2025. The meeting will now be held on 17 February 2025.Powered by Capital Market - Live

This strategic acquisition aims to strengthen ABB's position in the growing market for high-powered renewable power conversion technology. The acquisition will significantly expand ABB's product and service offerings, especially for renewables original equipment manufacturers (OEMs) and end users. It includes key electrical products for power conversion, such as Doubly-fed Induction Generator (DFIG) wind converters, industrial battery energy storage systems (BESS), and utility-scale solar power inverters. The deal will also bring over 100 highly specialized engineers and two converter factories in Madrid and Valencia under ABB's wing, adding around 400 employees to its global workforce, including key personnel in India, China, the U.S., and Australia. The power electronics business of Gamesa Electric reported revenues of around 170 million euros for the fiscal year that ended on September 30th, 2024. The International Energy Agency estimates that global renewable capacity additions will continue to increase every year, reaching almost 940 GW annually by 2030 from 666 GW in 2024, based on existing policies and market conditions. Solar PV and wind together are expected to account for 95 percent of all renewable capacity growth through the end of this decade. The acquisition also aims to increase ABB's serviceable power conversion installed base with the addition of around 40 GW, leveraging ABB's global organization to access new service, modernization and repower opportunities. The deep domain expertise of the Gamesa Electric team will also help increase the scope of ABB's digital offering. In addition, ABB plans to enter into a supply and services agreement with Siemens Gamesa. Chris Poynter, President of ABB's System Drives division, said, 'This targeted acquisition is in line with our commitments to grow our portfolio for high-power renewable applications and support productivity in a low-carbon world. It will expand our engineering depth for power conversion and grid connection and will add significant opportunity to service a large installed base. With the acquisition of this business we will be much better positioned to capitalize on the expansion of the power conversion market for renewables while building on our relationship with Siemens Gamesa as a key customer.' ABB is a leading global technology company. Its business areas include electrification, process automation, motion (drives and motors) and robotics & discrete automation. The heavy electrical equipment maker's net profit (from continuing operations) jumped 21.68% to Rs 440.47 crore on 5.16% rise in total revenue from operations to Rs 2,912.16 crore in Q3 CY24 over Q2 CY23. The scrip slipped 3.14% to Rs 7,415.40 on the BSE. Powered by Capital Market - Live

ABB India will hold a meeting of the Board of Directors of the Company on 18 February 2025.Powered by Capital Market - Live

Net profit of ABB India rose 21.38% to Rs 440.45 crore in the quarter ended September 2024 as against Rs 362.87 crore during the previous quarter ended September 2023. Sales rose 4.99% to Rs 2888.59 crore in the quarter ended September 2024 as against Rs 2751.19 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2888.592751.19 5 OPM %18.7015.94 - PBDT630.11514.47 22 PBT597.28484.18 23 NP440.45362.87 21 Powered by Capital Market - Live

The Indian Institute of Technology Bombay (IIT Bombay) has partnered with ABB India to establish a cutting-edge teaching laboratory for electrical machines and drives at the Department of Energy Science and Engineering on its 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. Previously, IIT Roorkee had partnered with ABB India for technical cooperation to construct an operational smart electricity distribution network and management system (SDNMS) on its campus. In partnership with the National Institute of Technical Teachers Training & Research (NITTTR) Chandigarh, ABB India set up a first-of-its-kind multi-physics digital simulation center in 2019. In addition, the company runs other up-skilling programs and engages with the youth to make them employable. In Faridabad, ABB India collaborated with Udayan Care to run a Community Information Technology and Skill Center. The center aims to support girls from economically disadvantaged families in becoming self-reliant by undertaking IT and vocational training. ABB India had also signed an MoU to refurbish the Government Industrial Training Institute (ITI) located in the Peenya Industrial Area, one of the oldest industrial areas in Bengaluru, under its CSR initiatives.Powered by Capital Market - Live

ABB India will hold a meeting of the Board of Directors of the Company on 4 November 2024.Powered by Capital Market - Live

ABB India announced the launch of ABB-free@home' in India, a Smart Home automation system with enhanced interoperability. This cutting-edge and comprehensive wireless home automation solution is designed to enhance comfort, security, and energy efficiency for the residential segment. It allows users to integrate and control additional elements such as white good appliances, third party devices as well as EV chargers, through a single interface. The ABB-free@home' system includes a Matter Bridge Add-on. Matter is an emerging, open-source connectivity standard for smart homes, allowing for seamless cross-functionality with a wide variety of smart devices. This allows users to expand and customize their smart home setups by integrating various devices and appliances as part of a unique ecosystem. ABB-free@home' can be integrated with platforms like Apple HomeKit, Google Home, Amazon Alexa, and Samsung SmartThings. Designed to be user-friendly, this intuitive system is also compatible with household appliances and sound systems from brands like Philips Hue, LEDVANCE, Sonoro, Miele, HomeConnect, Faber, CoolAutomation, Sonos, making it even more versatile and convenient for users. Powered by Capital Market - Live

ABB has surpassed a 10-gigawatt (GW) milestone in delivering its automation solution for renewable energy plants in India. Starting with a 100-MW project about seven years ago, ABB has strengthened its footprint in the renewable energy industry with this milestone, which is a result of over 300 renewable energy projects across India utilizing ABB's IoT-based PLC solution. ABB's PLC-based SCADA (supervisory control and data acquisition) system is an automation control solution, which helps gather and analyze real-time data to run the plant optimally and enable low maintenance. With this, operators are also able to easily monitor and analyze key parameters of the plant and get complete visibility of plant operations. Delivered as part of ABB's Drive Products offering, the utility-scale SCADA solution helps reduce the cost and risk of investment in operating renewable energy plants. As energy demand continues to grow in India, the country is rapidly increasing its share of renewable energy to reduce reliance on fossil fuels in line with its target of achieving net-zero carbon emissions by 2070. The country aims to reach 500 GW of installed electricity capacity from non-fossil fuel sources by 2030. As renewable energy plants can achieve carbon reduction of over 24 million tons per year on an average, the ABB solution is playing a key role in catalyzing the country's energy transition with renewables, in line with its purpose to enable low-carbon societies.Powered by Capital Market - Live

The Board of ABB India at its meeting held on 08 August 2024 has approved the proposal to secure on lease approximately 6.41 acres of industrial land with warm shell factory, offices and other infrastructures, situated at Yentaganahalli Village Panchayath, Nelamangala Block, Bengaluru Rural District, Bengaluru (Premises) in line with the Company's overall growth and investment strategy. Additionally, the Board has granted in-Principle approval for an investment of up to Rs 85 crore to expand, inter alia, the Company's operations in Process Automation and Electrification business areas at the aforementioned Premises. Powered by Capital Market - Live

Net profit of ABB India rose 50.02% to Rs 443.49 crore in the quarter ended June 2024 as against Rs 295.63 crore during the previous quarter ended June 2023. Sales rose 12.73% to Rs 2808.48 crore in the quarter ended June 2024 as against Rs 2491.35 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales2808.482491.35 13 OPM %19.3214.00 - PBDT624.73422.36 48 PBT593.76393.13 51 NP443.49295.63 50 Powered by Capital Market - Live