ABB India reported a 41 per cent year-on-year growth in its order inflow for the April-June period of 2021.
In a release, ABB India said that total orders for Q2 of 2021 stood at Rs.1,689 crore as compared with Rs.1,200 crore in the same period of 2020.
“The month of June witnessed a gradual bounce back in orders by most businesses despite various state level lockdowns in the first two months of the quarter. There was a marginal dip in orders sequentially with businesses impacted by localized impact of the second wave,” ABB India said.
Electrification business
The company’s electrification business area secured orders from utility, data center segments for a range of power equipment especially in the low voltage category.
Some such orders included:
- Power equipment for data center in north India from 33kV GIS substation — E house, GIS, AIS and LV – supply
- Power equipment like switchgears of 33kV and 11kV for railway tunnel project in UT of Jammu & Kashmir
- Electrification and instrumentation package for a red mud filtration project for an aluminum major
- Gas insulated switchgear package for a north India corridor of the Regional Rapid Transit System
Outlook
Regarding the business outlook, ABB India said that it will continue to leverage growth pockets and calibrate its businesses to the recovery of growth industries like datacenters, renewables, electronics, food & beverage, and pharmaceuticals and other large core industries that should re-start long overdue capex cycle.
Also read: ABB India Reports 24 Pc Sequential Growth In Order Inflow
“ABB India remains cautiously optimistic on order wins and seamless execution in close engagement with customers while gaining operational efficiencies & innovative sustainable practices,” the statement said.
Note: The April-June period represents the second quarter (Q2) of ABB India’s accounting year that ends on December 31.
Featured photograph shows ABB India’s manufacturing facility at Maneja, Vadodara district, Gujarat.
