ABB India has recorded an 87 per cent increase - at Rs 51.3 crore - in its net profit for the quarter ended March over the corresponding period for 2005. Companys revenue also rose 32 per cent for the first quarter to Rs 820.9 crore compared with the first quarter in 2005.
ABB India booked a record order intake of Rs 1,401.9 crore during the first quarter of 2006, a growth of 57 per cent over 2005 Q1. Orders were received from power utilities, especially for rural electrification and substation projects as well as distribution products and solutions. The company also won several turnkey orders for automation solutions from leading industry customers.
The company continued with its capacity and range expansion programme, inaugurating a low voltage motors and control-gear plant in Bangalore and announcing a new low voltage distribution electrical unit, to be set up in Haridwar.
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| Posted : 6/19/2006 |
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