ABB India Ltd
NSE: ABB BSE: 500002
₹6281.50
(0.92%)
Wed, 18 Mar 2026, 00:21 am
Market Cap1318.8B
PE Ratio79.79
Dividend0.73
Producer Manufacturing
Electrical Products
24.5KCompany 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.
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Pocketful Fintech Capital Private Limited (CIN U65999DL2021PTC390548) | The SEBI Registration No. allotted to us is INZ000313732. NSE Member Code: 90326 | BSE Member Code: 6808 | MCX Member Code: 57120 DP | CDSL: 12099800