India: ABB India announced strong earnings of Rs 2204.56 crore ($ 355 million) from Q4 December 2013 over Q4 December 2012.
ABB India said it generated a steady operating cash flow receiving orders worth Rs 1666 crore ($ 269 million) for Q4 2013, up 5.51 % compared with Q4 2012.
Key ABB highlights include 50 MW solar power plant commissioned in record time and successful test of 1200 kV ultra high voltage transformer. The company also inaugurated GIS/ PASS and dry type and distribution transformer factories in November as part of a strategy to keep track of competition and the evolving trends in the market.
"2013 witnessed a steady improvement in margins of the company. Our capacities are ready to address the next phase of growth as the market improves - the new PASS, GIS factory reinforces our technology focus and commitment to the India growth story." said Bazmi Husain, Managing Director ABB India.
ABB is a leader in power and automation technologies enabling utility and industry customers to improve their performance while lowering environmental impact. The ABB Group operates in around 100 countries and employs about 150,000 people.
Source: Business Standard