Industry Profile: The infrastructure sector is a crucial driver of the Indian economy. The industry is highly responsible for propelling India’s overall development and enjoys intense focus from the Government for initiating policies that would ensure the time-bound creation of world-class infrastructure in the country. Infrastructure includes power, bridges, dams, roads, and urban infrastructure development. In 2016, India jumped 19 places in World Bank’s Logistics Performance Index (LPI) 2016 to rank 35th amongst 160 countries. Government is a significant force in the sector. The union budget allocates large amounts of infrastructure, like Rs 16,000 crore (US$2.47 billion), towards Sahaj Bijli Har Ghar Yojana (Saubhagya) scheme. The scheme aims to achieve universal household electrification in the country. Rs 4,200 crore (US$ 648.75 billion) to increase the Green Energy Corridor Project’s capacity and other wind and solar power projects.
Company Profile: ABB (ASEA Brown Boveri) is a Swedish-Swiss multinational corporation headquartered in Zurich, Switzerland, operating mainly in robotics, power, heavy electrical equipment, and automation technology. The company operates in India through its subsidiary ABB India.
The company was incorporated in 1949 and is based in Bengaluru, India. ABB India Limited offers power and automation technology products to utilities, industries, channel partners, and original equipment manufacturers worldwide. The company operates through Robotics and Motion, Electrification Products, Industrial Automation, and Power Grids. The Robotics and Motion segment manufactures motors, generators, drives, and robotics, which provides power, motion, and control for a range of automation applications; and offers solutions and related services. The Electrification Products segment provides a range of digital and connected low and medium-voltage products, including EV infrastructure products, solar inverters, modular substations, distribution automation products, power protection products, wiring accessories, and switchgear, enclosures, cables, and sensing and control products. The Industrial Automation segment offers products, systems, and services, such as turnkey engineering, control systems, measurement products, lifecycle services, outsourced maintenance, and industry-specific products for the optimization of the productivity of industrial processes in oil and gas, power, chemicals, and pharmaceuticals, pulp and paper, metals and minerals, marine, and turbocharging industries. The Power Grids segment offers power and automation products, systems, services, and software solutions comprising grid integration, transmission, distribution, and automation solutions, as well as a range of high voltage products and transformers.
Shareholding pattern: BSE Data
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Future prospectus: Mr. Ulrich Spiesshofer, CEO of ABB, says that India is a long-term market for ABB. India is one of the fastest-growing economies, and infrastructure and automation are essential for such countries. An electric vehicle bullet train is one crucial thing when it comes to ABB.
