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    500002   INE117A01022


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ABB India Limited Launches Premium Range of Switches

08/05/2021 | 03:34am EDT

ABB India Limited launches the Millenium and Zenit range With an increasing number of megacities evolving in India, the demand for space-saving electrical solutions such as easy- to-install, contemporary switches, is rising. The Indian Modular Switch market is expected to be $1 billion by 2022 with CAGR growth of 20%. ABB's latest Millenium and Zenit switches range is ISI marked offering control, functionality, and comfort to customers in smart buildings and premises that can be easily upgradable with the latest smart home automation solutions. These switches, tailored to both homes and commercial buildings, allow customers to switch from conventional lighting to an eco-efficient intelligent alternative. The Zenit and Millenium range of switches will be manufactured in India at ABB's state of the art Smart Buildings factory in Bengaluru. The factory is one of the first in India to introduce assembly of switches using ABB's YuMi® cobot, a dual arm collaborative robot designed to work safely alongside humans without the need for fences. The factory has the capacity to manufacture over 1,000,000 switches in a year, owing to the increased efficiency achieved by the application of robotics and automation in the facility. The new range will also feature ABB-free@home solutions and the flexibility to combine all essential functions of home automation into a single wireless system. These premium ranges of switches are also compatible with ABB i-bus® KNX, a smart system through which all devices in a building can communicate with one another to ensure seamless and intelli- gent control of the building for improved comfort, safety, and energy savings. The Millenium series offers an ultra slim design and sleek finish and more than 50 premium functions encompassing building and home automation solutions in the modular range.

© S&P Capital IQ 2021
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Analyst Recommendations on ABB INDIA LIMITED
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Sales 2021 70 532 M 940 M 940 M
Net income 2021 4 388 M 58,5 M 58,5 M
Net cash 2021 22 444 M 299 M 299 M
P/E ratio 2021 91,9x
Yield 2021 0,35%
Capitalization 386 B 5 141 M 5 141 M
EV / Sales 2021 5,15x
EV / Sales 2022 4,25x
Nbr of Employees 3 255
Free-Float 25,0%
Duration : Period :
ABB India Limited Technical Analysis Chart | 500002 | INE117A01022 | MarketScreener
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Mean consensus -
Number of Analysts 0
Last Close Price 1 819,75 
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Managers and Directors
Sanjeev Sharma Managing Director & Director
Sridhar Krishnaswamy Tyagavalli Chief Financial Officer
Morten Wierod Chairman
Akilur Rahman Chief Technology Officer
Renu Sud Karnad Independent Non-Executive Director
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