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Kamal Narang

‘Huge growth momentum’: Mr Ravi Uppal (right) Chairman, ABB-India, and Mr Biplab Majumder, MD, at a press conference in the Capital on Tuesday. -

Our Bureau

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New Delhi, Feb.19 Buoyed by robust order inflows and a strong showing by power and automation businesses, ABB Ltd has reported a 34-per cent jump in net profit at Rs 180.79 crore for the quarter ended December 31, 2007.

The total income rose 30 per cent to Rs 1,864.80 crore during the latest quarter.

For the year ended December 31,2007, the company reported a 44-per cent jump in net profit at Rs 491.67 crore, with total income rising 38 per cent to Rs 6,001.36 crore. It declared a dividend of 110 per cent (Rs 2.20 on each share with face value of Rs 2).

“Investment in power is a big ticket agenda for the government...There is a huge growth momentum and we have not seen any let-up in that,” Mr Biplab Majumder, Managing Director, said here. The company is looking at the power, oil and gas, steel and cement sectors to drive its order book, he added. The order intake for the quarter rose 42 per cent to Rs 2,003 crore while its order backlog for 2007 rose 50 per cent to Rs 5,026 crore.

More Stories on : Financial Performance | Electrical Goods | ABB Ltd

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