ABB India Ltd

ABB India and Steel Authority of India (SAIL) have signed a Memorandum of Understanding (MoU) to digitally optimize ironmaking and steelmaking processes at the Rourkela Steel Plant in Odisha state, India. SAIL's plant will exchange data with ABB India to prepare data-based models to create digital twins of blast furnaces and basic oxygen furnaces of steel melt shop areas. The collaboration comes at a time of growing challenges within the steel industry, including the need to meet stricter environmental regulations, reduce operational costs, and maintain competitive advantages in a rapidly evolving market. Rourkela Steel Plant produced 4.08 million tons of saleable steel products in FY 2024-25 and SAIL plans to grow output to about 9 million tons by 2030 to meet escalating market de mands. It has ambitions to attain the highest levels of operational efficiency and sustainability using digital transformation. The plant will harness ABB's expertise in automation and digitalization, including mathematical and data-based models, to optimize processes in both ironmaking and steelmaking. The goal is to deliver actionable insights and enable data-driven decisions to support optimal operations, paving the way for a more sustainable and cost-effective future in steel production. Powered by Capital Market - Live

Net profit of ABB India rose 3.34% to Rs 474.63 crore in the quarter ended March 2025 as against Rs 459.29 crore during the previous quarter ended March 2024. Sales rose 2.48% to Rs 3139.68 crore in the quarter ended March 2025 as against Rs 3063.72 crore during the previous quarter ended March 2024. ParticularsQuarter EndedMar. 2025Mar. 2024% Var. Sales3139.683063.72 2 OPM %18.5518.45 - PBDT669.89648.51 3 PBT636.13617.09 3 NP474.63459.29 3 Powered by Capital Market - Live

The Board of ABB India at its meeting held on 09 May 2025 has approved the proposal to purchase long term leasehold rights of land admeasuring area of about 10 Acres for expanding its industrial operations, out of the internal accruals. Powered by Capital Market - Live

ABB India has successfully delivered an integrated scope of advanced automation and digital solutions for Indian Oil Corporation's (IndianOil) countrywide oil and gas pipeline network. Spanning over 20,000 kilometers across multiple states in India, the network is vital to supporting the country's energy needs, transporting 125 million metric tons of oil and 49 million metric standard cubic meters of gas annually. ABB's solutions will be at the core of supporting IndianOil's Centralized Pipeline Information Management System (CPIMS). The project involved the design, engineering, supply and commissioning of the ABB Ability' SCADAvantage digital platform, which features robust cyber security and disaster recovery systems hosted on the cloud. The scope also included digital solutions for centralized management of IndianOil's pipelines across the country. Additionally, ABB is providing a 10-year ABB Care contract to ensure all existing pipelines are unified under CPIMS and to provide long-term service support for IndianOil's pipeline infrastructure. ABB was awarded the CPIMS project contract in February 2024. Within one year, ABB designed and delivered its integrated solutions for managing the pipeline network, which is under commissioning. Powered by Capital Market - Live

The Board of ABB India at its meeting held on 28 March 2025 has approved the appointment of Amrita Gangotra (DIN: 08333492) as an Independent Director of the Company, with effect from 06 May 2025 for a period of three consecutive years. The Board also approved the appointment of Vaibhav Srivastava as Country HR Head (Senior Management Personnel) with effect from 01 May 2025. Powered by Capital Market - Live

ABB India will hold a meeting of the Board of Directors of the Company on 28 March 2025.Powered by Capital Market - Live

ABB India will hold a meeting of the Board of Directors of the Company on 9 May 2025.Powered by Capital Market - Live

ABB India has fixed 03 May 2025 as record date for purpose of payment of dividend, if declared. Powered by Capital Market - Live

ABB India Ltd is up for a third straight session today. The stock is quoting at Rs 5337.25, up 2.81% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 1.3% on the day, quoting at 22369.85. The Sensex is at 73869.34, up 1.2%. ABB India Ltd has slipped around 6.06% in last one month. Meanwhile, Nifty Energy index of which ABB India Ltd is a constituent, has slipped around 5.96% in last one month and is currently quoting at 30239.15, up 2.81% on the day. The volume in the stock stood at 3.13 lakh shares today, compared to the daily average of 6.76 lakh shares in last one month. The benchmark March futures contract for the stock is quoting at Rs 5356.7, up 2.69% on the day. ABB India Ltd is down 6.38% in last one year as compared to a 0.46% slide in NIFTY and a 23.15% slide in the Nifty Energy index.The PE of the stock is 58.68 based on TTM earnings ending December 24.Powered by Capital Market - Live

ABB Motion has announced a strategic investment through ABB Motion Ventures in the AI start-up UptimeAI, aiming to transform how industrial customers manage the health and performance of motors, drives, and related assets. The transaction consists of ABB taking a minority stake in UptimeAI. Financial details of the investment were not disclosed. The collaboration leverages machine learning and expert systems to provide customers with deep insights into asset performance, failure predictability, and reduction of maintenance costs and risks. With over 1,000 failure modes covered by advanced AI/ML algorithms, the partnership is set to deliver outstanding reliability and efficiency. It does so by leveraging next-generation asset performance management services driven by AI/ML predictive maintenance and proven industry expertise. The initiative will initially focus on heavy asset industries, starting with addressing the needs of Cement, Metals, and Water Pipes sectors in India. By introducing tailored solutions for these critical industries, the partnership seeks to enable companies to achieve operational excellence, reduce unplanned downtime, and enhance overall productivity. Powered by Capital Market - Live