ABB India Ltd

NSE: ABB BSE: 500002

₹6900

(1.83%)

Thu, 08 Oct 2026, 06:31 am

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Market Cap (in Cr)145250.47

PE Ratio48.94

Dividend0.58

Producer Manufacturing

Electrical Products

24.5K

Company History

1949

Company incorporated on 24 December in Mumbai to manufacture transformers, electric motors, all-aluminium conductors, furnaces, H.T. airblast circuit breakers, panels and switchboards.
Asea Brown Boveri established as subsidiary of Swedish-Swiss ABB group operating in power T&D, industrial equipment and factory automation.

1964

20,000 Pref. shares issued to collaborators; 1,20,000 right equity shares offered 1:1.

1965

Company name changed from Hindustan Electric Co. Ltd. to Hindustan Brown Boveri Ltd.

1976

60,000 bonus equity shares issued 1:4.

1978

1,00,000 bonus equity shares issued 1:3.

1982

Issued 1,00,000 13.5% secured NCDs as rights; redeemable from 1989.
Allotted 5,00,000 18% NCDs to financial institutions; redeemable from 1998.

1984

Project for industrial steam turbines with Gujarat Industrial Investment Corporation approved with AG Kunhle collaboration.

1986

Allotted 1,50,000 15% non-convertible debentures to UTI and LIC; redeemable 1933 at 5% premium.
1,00,000 right equity shares issued at Rs 60 premium 1:4; shares to employees and BBC Brown Boveri.

1987

Set up Integra Hindustan Control Ltd. for railway equipment at Halol, Gujarat.
Promoted National Switchgears Ltd. with Pradeshiya Industrial Corporation for switchgears at Rae Bareli.
Received industrial licences for mini-computer systems, modems, power supplies, keyboards.
Entered collaboration with Danish Windpower for wind energy systems.

1988

Electronics division commissions power line carrier equipment for HVDC line.
Indian operations of Asea and BBC Brown Boveri merged.
40,000 Pref. shares converted to 20,000 equity shares.

1989

First back-to-back HVDC transmission link commissioned at Vindhyachal.
Asea Ltd. amalgamated with Hindustan Brown Boveri Ltd. effective 1 January.
Company name changed to Asea Brown Boveri Ltd. effective 13 October.

1990

Shares subdivided on 16 March 1989; 45,85,590 equity shares issued to Asea Ltd. members in 5:6 proportion.

1992

49,30,295 equity shares issued on rights basis 1:2; additional oversubscription allotted.
Parent company increases equity stake in ABB to 51%.
2,46,515 equity shares offered to employees.
47,54,734 equity shares allotted to foreign collaborators to raise holding to 51%.

1994

Company offers majority stake in BIFR boiler company; enters low voltage switchgear.
ABB Daimler-Benz Transportation AG established; Indian subsidiary incorporated.
Flakt India merged with ABB effective 5 October 1994.
New factory set up at Mysore for electronics products.

1995

Company awarded EPC job for integrated steel project.

1996

Gas Turbines commissioned for GVK Industries' combined cycle power plant.
Transportation business transferred to ABB Daimler-Benz Transportation (India) Ltd.
GVK's 235-MW Jegurupadu CCPP commissioned.

1997

T&D segment introduces 72.5 kV switchgears and static relays; commissions substations.
Process control system commissioned for Reliance Industries' Hazira petrochemical complex.
Proposes greenfield transformer project at Vadodara.
103,54,589 bonus shares issued in 1:3 proportion.
ABB takes 51% stake in Birla-Kent Taylor.
ABB takes stakes in Neyveli, Jegurupadu, Pench power projects.
Asea Brown Boveri picks up 70 lakh preferential shares in ABB-ABL.
ABB Holdings South Asia to consolidate shareholding.
ABB sets up greenfield turbine and generator facilities in Baroda.
ABB has joint venture ABB Alfa Stal Refrigeration.
Expands industry and building systems with proposed centres.
ABB installs systems for Volvo India and Mahindra & Mahindra.
PPA signed for Andhra Pradesh power project.
CII and ABB sign MoU for quality management institute.
ABB Zurich to acquire 10,800 equity shares via ABB South Asia Holdings.
ABB sets up communication link at Korba for Daewoo project.
ABB forms joint ventures for services in Poland.

1998

ABB increases stake to 74% in joint venture with Universal Cables.
Universal-ABB Power Cables inaugurates EHV XLPE cables plant at Satna.
ABB picks up 50% equity in Korba East power project.
ABB introduces Ljungstrom rotary air-preheaters under licence.
ABB-AAPL Projects to merge with ABB.
Company offers voluntary retirement scheme, reducing manpower from 5600 to 3500.
NTPC signs MoU with ABB for joint venture in renovation and modernisation.

1999

ABB signs EPC contract for Videocon project.
ABB proposes restructuring with Powerco share swap.
ABB Holdings seeks approval to acquire Hartmann & Braun's stake in CG-Elsag Bailey.
ABB acquires 51% stake in Lenzhom Electric Company.
ABB initiates marketing agreement with Indian Oil Corporation.

2000

Company launches 400 kV transformers.
Company introduces electronic Alpha energy meters.
Crisil assigns 'P1+' rating to Rs 100-crore commercial paper programme.

2001

ABB to set up R&D base in India.
ABB plans to merge Indian subsidiaries.
Ravi Uppal appointed Managing Director and Country Manager.
ABB reports 10.04% net profit increase to Rs 14.72 crore for Q3.

2002

New directors appointed: Peter Smits, Dinesh Paliwal, N S Raghavan, Nasser Munjee.
Redeems 7,50,000 11% Redeemable Preference Shares.
B Gururaj appointed Asst Vice President and Company Secretary.
K N Shenoy steps down as Chairman.
Peter Smits elected Chairman; Ravi Uppal as Vice Chairman and MD; board changes.

2003

ABB wins Rs 1680 million export order from PEEGT.
ABB India divests air-handling equipment unit to Flakt India.
Ravi Uppal receives Royal Order of the Polar Star.
ABB ties up with Intel, Microsoft, Accenture for factory of the future.
ABB wins Rs 1100 million orders from Sterlite Group.
ABB shifts registered office from Mumbai, Maharashtra to Bangalore, Karnataka.

2004

Dinesh Paliwal appointed Chairman of ABB India.
ABB India receives Asiamoney award for 2003.
ABB introduces new wiring accessories range for Indian market.

2005

ABB wins first major 765 kV EHV transformers and shunt reactors order from NTPC and PGCIL.
ABB wins $80 million order from NTPC and PGCIL.
ABB gets Rs 135 crore orders from Middle East.

2006

ABB inks MoU with IIT Delhi.
ABB wins Rs 430 crore automation order from ONGC.

2007

ABB India wins Rs 186 crore order for power distribution management system.
ABB India wins Rs 933 million order for Jordan cement plant.
Company splits face value from Rs 10 to Rs 2.
ABB India wins Rs 311 crore power and automation order.
ABB wins $400 million power order for world's largest offshore wind farm.

2008

ABB wins Rs 330 crore substation orders from Powergrid.
ABB secures Rs 455 crore contract from Vedanta.
ABB to acquire Kuhlman Electric Corporation.
ABB wins $87 million order in U.S. for power transmission expansion.

2009

ABB wins Rs 425 crore substation orders in India.
ABB wins Rs 220 crore orders from Tata Projects for super-critical power plant.
ABB wins Rs 128.30 crore order from PGCIL for 400-kV GIS substation in Gujarat.

2010

ABB wins Rs 145 crore orders from Bharathiya Rail Bijlee Company Limited.
ABB wins $22 million orders from Haryana Vidyut Prasaran Nigam for substations.
ABB inaugurates global wind power generator factory in India.
ABB India acquires Metsys.

2011

ABB bags US$120mn power transmission order in China.
ABB inaugurates new production line for miniature circuit breakers.
ABB bags Rs 16 crore order for solar plants.
ABB wins Rs 175 crore substation order in India.
ABB Group books Rs 4000 crore UHVDC order in India.

2012

ABB wins Rs 75 crore order for Jaipur metro.
ABB wins Rs 175 crore order to strengthen Western India's power grid.
ABB's Gary Steel receives lifetime achievement award in HR excellence.

2013

ABB inaugurates two new manufacturing plants for power products in India.
Company name changed from ABB Ltd to ABB India Ltd.

2014

ABB commissions substation in Southern India.
ABB commissions world record voltage circuit breaker.
ABB wins Rs 334 crore orders to boost power capacity.
ABB wins Rs 310 crore power products orders in India.

2015

ABB India wins Rs 256 crore order from Ceylon Electricity Board, Sri Lanka.
ABB welcomes Solar Impulse to India.
ABB India wins Rs 90 crore order from Techno Electric and Engineering Company.
ABB India launches free@home home automation system.
ABB India wins Rs 125 crore order to upgrade three substations.
ABB India secures Rs 119 crore orders for solar power plant solutions.
ABB India introduces first 800 kV converter transformer manufactured in Vadodara.

2016

ABB partners with Welspun Energy for PV projects.
ABB opens GBS center in India.
ABB integrates 648 MW solar project at Kamuthi, Tamil Nadu, to national grid.
ABB doubles solar inverter manufacturing capacity with new factory in India.
ABB wins order for 1600 transformers for Indian railway expansion.

2017

ABB technology powers Zugspitze cable car.
ABB confirmed #1 in global Distributed Control Systems.
ABB achieves breakthrough with world's most powerful HVDC transformer.
ABB's flash-charging technology goes live.
ABB named global leader in SCADA systems for power sector.
ABB Ability remote services boost wind parks' performance.
ABB unveils new YuMi family member.
ABB and HPE bring intelligence to industrial plants.
ABB and Northvolt partner for Europe's largest battery factory.
ABB expands e-mobility fast charging infrastructure in Germany.
ABB completes acquisition of KEYMILE's communication networks business.
ABB software supports research institute in Inner Mongolia.
ABB delivers DolWin2 wind connection.
World's largest floating photovoltaic power plant features ABB technology.
ABB inaugurates traction transformer plant in South Africa.
ABB pioneers high voltage direct current technology.
ABB wins transformer order for sustainable mobility in Austria.

2019

ABB India approves scheme of arrangement with ABB Power Products and Systems India Limited.
ABB India and NITTTR set up digital simulation lab in Chandigarh.

2020

Scheme of Arrangement approved by NCLT on November 27, 2019.
ABB India board approves sale of solar inverter business.
ABB India's Nelamangala Bengaluru Campus receives highest IGBC green rating.
ABB updates on planned IPO of E-mobility business.

2021

ABB India launches new range of circuit breakers for electrical retail market.
ABB India approves divestment of turbocharger business.
ABB India to incorporate wholly owned subsidiary for turbocharger business.
ABB E-mobility opens largest DC fast charger production facility in Italy.

2022

ABB acquires controlling interest in InCharge Energy for EV charging solutions in U.S.
ABB E-mobility increases stake in Chinese EV charging provider Chargedot.
ABB and PACCAR support EV charging solutions for trucks.
ABB delivers robots to Scania's battery assembly plant.
ABB invests in climate tech start-up Tallarna.

2023

ABB forms strategic partnership with Titagarh for metro projects in India.
ABB India awarded electrification and automation contract for ArcelorMittal Nippon Steel India's cold rolling mill.
ABB expands production of all-compatible drives portfolio in India.
ABB India inaugurates state-of-the-art factory in Nashik.

2024

ABB invests in Engineering Software Steyr (ESS) for automotive paint shops.
ABB opens $100 million campus in Wisconsin.
ABB invests $35 million in new U.K. earthing and lightning protection factory.
ABB acquires Siemens' Wiring Accessories business in China.
ABB invests in Ndustrial for AI-powered energy management.
ABB opens €20 million energy-efficient factory in Belgium.

2025

ABB strengthens grid automation offerings with Netcontrol acquisition.
ABB enters agreement to acquire IPEC for early detection of electrical equipment failures.
ABB awarded Platinum medal by EcoVadis for sustainability performance.
ABB completes sale of key urban development plot to City of Zurich.
ABB expands power technology partnership with Applied Digital for AI-ready data centers.
ABB signs 15-year fleet service agreement with Royal Caribbean Group.