Stocks

ABB India share price up on deal with ISCDL

Our Bureau | | Updated on: Dec 08, 2021
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ABB has partnered with Indore Smart City Development to deploy next-gen digital tech

BSE-listed ABB India’s share price was up 2.13 per cent at ₹2,110 on Wednesday after the company announced that it has partnered with Indore Smart City Development Limited (ISCDL) to deploy next-generation digital technology that enables the continuous supply of electricity to homes and businesses.

Exports from Indore SEZ jump 24.5% to ₹11,944 cr in 2020-21

“In the first phase of the collaboration, this technology has enabled more than 2,300 connections to achieve 24/7 electricity supply with an efficient automatic response system (ARS) in case of power outages or disruption. ABB and ISCDL now plan to replicate the same model in other areas of the city and position Indore as the model for Smart City projects across India,” the company said in a stock exchange filing.

ABB Power Products & Systems is now Hitachi Energy India

Published on December 08, 2021

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