ABB posts net profit of Rs 62.04 million
By Pradeep Rane | 25 Apr 2002
Mumbai: Asea Brown Boveri (ABB) has posted a net profit of Rs 62.04 million for the quarter ended 31 March 2002 as compared to Rs 47.23 million for the quarter ended 31 March 2001. The total income has increased from Rs 2,040.18 million for MQ 2001 to Rs 2,436.74 million for MQ 2002.
ABB recently decided to expand its power transformer factory in Vadodara. This will enable the company to produce the complete range of power transformers up to 400 kv. The state-of-the-art facility in Vadodara was a greenfield development that was commissioned in 1999.
Since the start-up phase the factory has demonstrated a consistently good product performance. To date it has supplied 35 power and traction transformers of varying capacity and complexity to major Indian utilities and industry. These include: the Punjab State Electricity Board, the Gujarat Electricity Board, the Bhakra Beas Management Board, Hindalco and the Indian Railways.
As a result of its high-quality product output, it has recently been able to export transformers to the US and Bangladesh and has also booked a major order from Syria. “This successful track-record led us to the decision to start the next phase of the factory's development and considerably enhance manufacturing capabilities,“ says ABB's Peter Smits.
ABB also reinforced its decision to designate India as its global sourcing base for 72.5 kv high-voltage circuit breakers from Vadodara. In addition, the factory in Nashik will globally be responsible for 33 kv and 11 kv medium-voltage outdoor live-tank circuit breakers and magnetic actuators. This decision is in line with ABB's philosophy of global optimisation and sourcing.
It is designed to better serve customers in India and abroad and also gives the company benefits from economies of scale, says Smits. “Considering the technical expertise and manufacturing base in India we are pleased to designate the factories in Vadodara and Nashik as global-sourcing units for the above products.
Says ABB India group representative and country manager Ravi Uppal: “This decision supports ABB India's strategic portfolio realignment towards an increased emphasis on products, services and exports. It also reiterates the group's commitment to ABB India and is a recognition of our growth potential.“
ABB recently decided to expand its power transformer factory in Vadodara. This will enable the company to produce the complete range of power transformers up to 400 kv. The state-of-the-art facility in Vadodara was a greenfield development that was commissioned in 1999.
Since the start-up phase the factory has demonstrated a consistently good product performance. To date it has supplied 35 power and traction transformers of varying capacity and complexity to major Indian utilities and industry. These include: the Punjab State Electricity Board, the Gujarat Electricity Board, the Bhakra Beas Management Board, Hindalco and the Indian Railways.
As a result of its high-quality product output, it has recently been able to export transformers to the US and Bangladesh and has also booked a major order from Syria. “This successful track-record led us to the decision to start the next phase of the factory's development and considerably enhance manufacturing capabilities,“ says ABB's Peter Smits.
ABB also reinforced its decision to designate India as its global sourcing base for 72.5 kv high-voltage circuit breakers from Vadodara. In addition, the factory in Nashik will globally be responsible for 33 kv and 11 kv medium-voltage outdoor live-tank circuit breakers and magnetic actuators. This decision is in line with ABB's philosophy of global optimisation and sourcing.
It is designed to better serve customers in India and abroad and also gives the company benefits from economies of scale, says Smits. “Considering the technical expertise and manufacturing base in India we are pleased to designate the factories in Vadodara and Nashik as global-sourcing units for the above products.
Says ABB India group representative and country manager Ravi Uppal: “This decision supports ABB India's strategic portfolio realignment towards an increased emphasis on products, services and exports. It also reiterates the group's commitment to ABB India and is a recognition of our growth potential.“