ABB India has reported order inflows of Rs.2,291 crore for the first quarter (Q1: Jan-Mar) of 2022. This is the highest Q1 order inflow in the last five years, ABB said.
The year also started with a healthy increase in export orders across multiple businesses. This demonstrates consistency in leveraging the growth momentum and customer connect across segments, in domestic markets and globally. Electrification was marked by higher orders across divisions especially in smart power and distribution business. Motion Business Area witnessed uptick in systems drives and HV and LV motors continuing the short cycle opportunities. Process Automation gained from conversions in steel industry and refinery segment with higher focus on resource efficiency and clean energy transitions. Energy management systems was another area for order inflows. Service comprising of system upgrades made up a significant portion of the order basket for robotics and discrete automation.
ABB India continues to have a strong order backlog as of March 31, 2022, at Rs.5,229 crore, which provides revenue visibility and is well aligned to support growth plans in the coming quarters, the company said.
“The surge in orders and one of the strongest order backlog in recent times, demonstrate the high preference for ABB products and the deep customer connect. Factors like ABB technology advantage, our diverse portfolio, and global leverage have enhanced our resilience amidst geopolitical challenges and inflationary pressures,” said Sanjeev Sharma, Country Head and Managing Director, ABB India.
Also read: ABB India Expands Gujarat Factory For Digital Substation Products
Key orders booked in Q1 of 2022 include:
- Rectifiers for a global diversified natural resources major
- Cloud deployed SCADA, AI tools and remote terminal units for a leading city gas company
- Distribution solutions and equipment for steel and grouting companies
- Electrification panels and building automation for IT campuses in Hyderabad
- Renewables: Doubly fed induction generator for the wind sector, solar SCADA automation and switchgears for solar projects
- System drives and motors solutions for tyre and metals (tier 1 and 2) majors
- Flowmeters for water distribution applications
- Robotics order for electronics major
