• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Bangalore , March 11

THE board of ABB India Ltd, the local arm of the Swiss-Swedish engineering major ABB Ltd, has approved a proposal to sell the company's control valve unit in India, ABB said in a statement to the Bombay Stock Exchange.

The sale plan was in line with the parent's decision to exit the control valve business. The local control valve business, that employs 47 people, reported revenue of Rs 6 crore in last financial year ending December 2003.

The proposal will have to be approved by shareholders, the statement added.

More Stories on : Restructuring | Engineering

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
A.L. Mudaliar steps down as Bata India chief

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line