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Update at 1515 hrs (IST)


Corporate
ABB wins orders worth Rs 220 cr from Tata Group

MUMBAI: Power and automation firm ABB Ltd said on Wednesday it has bagged orders worth Rs 220 crore from Tata Projects Ltd in Andhra Pradesh. The company has bagged orders worth Rs 220 crore to provide power products and solutions for coal-fired power pl ant under construction in Andhra Pradesh, ABB Ltd said in a filing to the Bombay Stock Exchange.

“We are proud of our long-standing partnership with the Tata Group. With this order we continue to build on this relationship. This power plant will meet growing demand for electricity in the region and support economic growth with a reliable supply of p ower,” ABB India Vice-Chairman and Managing Director Mr Biplab Majumder said.

Under the contract, the company would provide transformers, switchgears and protection equipment, the filing added. Shares of ABB Ltd were trading at Rs 738, up 2.26 per cent on the BSE. - PTI

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