Results Review for ABB India, United Spirits, Phoenix Mills, Oil India, Birla Corp

The maker of industrial drives and motors posted a 13% increase in its operational earnings before interest, tax and amortisation (EBITA) to $1.392 billion during the three months to Sept. 30, broadly in line with a company-gathered consensus of forecasts.

ABB flags slowdown in Q4 revenue, shares slide

ABB Global reported its Q3 numbers with growth seen in the Americas & AMEA, while Europe demand was muted. India orders saw a growth of 10% in Jul-Sep. 2023 revenue guidance has been revised higher to low teens from earlier guidance of 10%. Vivek Iyer. 

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ABB Global Q3: Growth In The Americas & AMEA; India Orders See Growth Of 10% In Jul-Sep  | CNBC TV18

When it becomes operational in 2025, the new mill will increase Hazira’s production capacity by around 5.5 million tonne per year, the statement said.

ABB To Roll Out Electric Powertrain System For ArcelorMittal Nippon Steel’s New Mill

ABB, whose products range from industrial motors and drives, to chargers for electric vehicles, will build the new factory at its site in Vasteras, eastern Sweden.

ABB invests $280 million in new robotics factory in Sweden

Strong ordering outlook should ensure ABB India’s execution remains in double digits and a more than 40 percent compounded annual growth in Earnings Per Share in 2022-25, said Jefferies.

ABB India shares gain as Jefferies sees 16% upside potential

Jefferies retains a ‘buy’ with a price target of Rs 5,260 apiece, implying an upside of 23% over the next 12 months.

ABB India Shares Gain After Jefferies Retains ‘Buy’ Citing Strong Order Inflow Outlook

Maintaining its winning streak, the Nifty midcap index scaled the 39,000-mark for the first time, propelled by robust buying in counters like Shriram Finance, Max Financial, ABB India, REC and Coforge

Mid-day Mood | Indices off day’s high; banks, mid-caps keep up the momentum

ABB India has secured an automation contract from Reliance Life Sciences (RLS) to automate their new manufacturing plants in Nashik, Maharashtra.

ABB India to automate Reliance Life Sciences’ biopharmaceutical facilities

ABB India has announced that it has secured an order from Reliance Life Sciences (RLS) to deploy automation and control solutions for their new biosimilars and plasma proteins manufacturing facilities in Nashik, Maharashtra. RLS is expected to lower the total cost of ownership by adopting ABB’s DCS…

ABB India bags order for automating Reliance Life Sciences’ Nashik facilities

ABB India Limited, a technology provider, has secured an order from Reliance Life Sciences (RLS) for complete automation of their new biosimilars and plasma proteins manufacturing units in Nashik, Maharashtra. The scope of the project includes the installation of ABBs Distributed Control System (DCS…

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