Jan 19: Engineering major ABB India Ltd on Friday said that it has inaugurated a new factory for the production of power distribution products in Nashik, Maharashtra.
“Spread over five acres, this facility will be equipped with smart manufacturing features with connected people, processes and assets, capable of relaying real-time data and web-based intergrated tracaebility system for daily planning and review,” the company said.
According to ABB, it has been present in Nashik since 1978, manufacturing medium-voltage power products.
“ABB has been present in Nashik for close to 40 years supplying wide range of medium-voltage products like vacuum interrupters, circuit breakers, ring main units, compact substations and switchgear. The new facility is a reflection of our commitment to the region’s growth and the government’s focus on reliable and smart 24×7 power for all. The new smart facility will serve the growth and focus on efficient power disribution systems in the country,” said Sanjeev Sharma, Managing Director of ABB.
Based in Bengaluru, ABB India is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally.
ABB India shares surged more than 4% to touch a new one-month high of Rs 1,612.50 on BSE intraday today. The Rs 2 face value shares closed trading at Rs 1,605, up 4.15% from the previous closing of Rs 1,541.05.