ABB charges up on export deal

Dalal Steet Spikes

 The counter moved up after the company said it has won export orders worth Rs 30 crore, according to market sources.

 The scrip has done well on the bourses in the last few months, specially after the Electricity Act 2003.

 The export order is for to providing automation solutions for steel and cement plants located in China, Morocco, Turkey and Bangladesh.

 ABB had recently announced that it had received a Rs 110 crore order from the Sterlite group for supply of state-of-the-art rectifier systems.