ABB India gains on unveiling new range of flameproof motors

ABB India is currently trading at Rs. 2230.60, up by 10.90 points or 0.49% from its previous closing of Rs. 2219.70 on the BSE.

The scrip opened at Rs. 2228.15 and has touched a high and low of Rs. 2247.15 and Rs. 2208.65 respectively. So far 3625 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 2370.00 on 10-Dec-2021 and a 52 week low of Rs. 1227.15 on 05-Jan-2021.

Last one week high and low of the scrip stood at Rs. 2280.90 and Rs. 2184.35 respectively. The current market cap of the company is Rs. 47364.70 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 10.45% and 14.55% respectively.

ABB India has unveiled its new range of flameproof (FLP) motors that are safe choice for applications in potentially explosive environments. Manufactured at the company’s Faridabad facility, these low voltage motors offer considerable benefits including low vibration levels with increased reliability for an extended lifetime, and reduced maintenance requirements for a lower cost of ownership.

The flameproof motors can operate reliably, withstanding extreme temperatures, corrosive dust and humidity. They comply with Indian and International Electrotechnical Commission (IEC) standards and the most demanding requirements of chemical, oil & gas industry and pharma. The motors have also been certified by Petroleum & Explosives Safety Organization (PESO), a nodal agency for regulating safety of hazardous substances such as explosives, compressed gases and petroleum.

ABB is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future.

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