ABB India has expanded its production footprint with a new line for variable speed drive modules at the Peenya factory in Bengaluru. The new line will produce drives ranging from 75 kW to up to 250 kW and will cater to all major industrial segments. ABB’s variable speed drives are used to control the speed of electric motors to match the actual demands of the process to improve energy efficiency and performance in any industrial application or any building globally. When added to the existing motor of a pump, fan or compressor, a drive can typically reduce power consumption by up to 25%.
Part of the integrated campus that houses ABB’s corporate office and other business’ factories, this new production line aims to meet the growing demand of domestic and global customers. With local manufacturing, now customers in India will get faster access to the products, their customization options and quick serviceability. The expansion will also strengthen the local supplier eco-system for ABB low voltage AC drives portfolio.
Today, the stock opened at Rs 3859.95, with a high and low of Rs 3955.00 and Rs 3847.35. The stock previously closed at Rs 3861.10. The stock closed at Rs 3942.65, up by 2.11 %. The stock has a 52-week high of Rs 3955.00 and a 52-week low of Rs 2121.00. The company has a ROCE of 23% and an ROE of 17% with a market capitalisation of Rs 83,532 crore.
ABB India Limited is an integrated power equipment manufacturer supplying the complete range of engineering, products, solutions and services in areas of Automation and Power technology.
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