Business Standard

Hitachi-ABB deal to bring tech synergy across the board: India head

As on March 31, 2020, the firm had an order backlog of Rs 5,192 crore

power, electricity, IIP, demand, discoms, distribution, companies, firms, transmission, transformer, workers
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ABB will initially retain a 19.9 per cent equity stake in the JV, which will be headquartered in Switzerland.

Jyoti Mukul New Delhi
Hitachi ABB Power Grids is looking for opportunities outside power systems, and in areas like mobility, electrification, and mass rapid transport systems, according to N Venu, managing director (India) and region head (South Asia).

Speaking to Business Standard, he said normalcy in business could return by January. Following the completion of the joint venture deal, the company is in the position to offer a combination of power system technology and digital innovation, he added. Venu further said that 16 manufacturing facilities, across five locations in India, were working at 90 per cent capacity, with many customers having resumed operations.

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