ABB India rose 1.43% to Rs 1,120.25 at 13:13 IST on BSE after the company said it won a Rs 141 crore order to strengthen power grid in India.
The announcement was made during trading hours today, 13 October 2015.
Meanwhile, the BSE Sensex was down 97.06 points, or 0.36%, to 26,807.05.
On BSE, so far 3,560 shares were traded in the counter, compared with an average volume of 13,398 shares in the past one quarter.
The stock hit a high of Rs 1,132 and a low of Rs 1,100 so far during the day. The stock hit a 52-week high of Rs 1,525 on 19 February 2015. The stock hit a 52-week low of Rs 988.25 on 17 October 2014.
The stock had underperformed the market over the past one month till 12 October 2015, sliding 4.24% compared with 5.05% rise in the Sensex. The scrip had also underperformed the market in past one quarter, falling 19.52% as against Sensex's 2.74% decline.
The large-cap company has an equity capital of Rs 42.38 crore. Face value per share is Rs 2.
ABB said it won orders worth Rs 141 crore from Power Grid Corporation of India to supply 765 kilovolt (kV) ultrahigh voltage power transformers for substations in the northern states of Uttarakhand and Uttar Pradesh.
ABB will design, manufacture, test, transport, erect and commission the 765 kilovolt (kV) single-phase auto-transformers at the substation sites. The 14 transformers for the greenfield substations in Uttarakhand are rated at 266.7 megavolt ampere (MVA), while the three transformers for the Meerut substation in Uttar Pradesh are 500 MVA (milli volt ampere), the company said.
ABB India's net profit rose 20.46% to Rs 57.45 crore on 6.03% increase in total income to Rs 1932.64 crore in Q2 June 2015 over Q2 June 2014.
ABB is a leader in power and automation technologies that enable utility, industry, and transport and infrastructure customers to improve their performance while lowering environmental impact. The ABB Group of companies operates in roughly 100 countries and employs about 140,000 people. ABB offers a complete range of power and distribution transformers designed for reliability, durability and efficiency. ABB is a major transformer manufacturer throughout the world and offers both liquid-filled and dry-type transformers as well as services for complete lifecycle support, including replacement parts and components.
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