ABB Power Products and Systems trades higher on the BSE

26 Jun 2020 Evaluate

ABB Power Products & Systems India is currently trading at Rs. 844.25, up by 3.95 points or 0.47% from its previous closing of Rs. 840.30 on the BSE.

The scrip opened at Rs. 844.65 and has touched a high and low of Rs. 845.00 and Rs. 838.50 respectively. So far 325 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 857.90 on 19-Jun-2020 and a 52 week low of Rs. 714.00 on 30-Mar-2020.

Last one week high and low of the scrip stood at Rs. 846.90 and Rs. 838.10 respectively. The current market cap of the company is Rs. 3553.70 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 15.00% and 10.00% respectively.

ABB Power Grids India has signed a Memorandum of Understanding (MoU) with the National Institute of Technology, Warangal (NITW), Telangana, for cooperation to drive smart electric grid technology education, skills development and research activities.

India’s electric grid is transforming with the penetration of renewables and need for reliable power under the ‘One Nation - One Grid - One Frequency’ roadmap. The government is striving to provide 24x7 power for all the households, while honoring its climate commitments and Sustainable Development Goals. A smart grid can help balance both, facilitating a safe, cost-effective, clean and reliable power network.

For a nation-wide smart electric grid, India’s education system and future talent play a vital role. In recognizing this need, the company has partnered with the Department of Electrical Engineering of NITW to develop a unique Master of Technology (M.Tech) program in Smart Electric Grid (SEG) from the current academic year.

ABB Power Products and Systems India (APPSIL) is the Indian arm of ABB Power Grids - a global leader in power technologies, providing the most comprehensive grid portfolio across the entire value chain.

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