BSE 200: This heavy electrical equipment company touched a new 52-week high today!

It has been awarded the ‘Responsible Export Organization’ compliance certificate for its Electrification Distribution Solutions (ELDS) business by the Confederation of Indian Industry - Institute of Quality.

ABB is a leading global technology company that energises the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation, and motion portfolio.  

The Confederation of Indian Industry (CII) works to create and sustain an environment conducive to the development of India, partnering with industry, government, and civil society through working closely with government on policy issues, interfacing with thought leaders, and enhancing efficiency, competitiveness and business opportunities for Industry. 

The certification incorporates all business operations related to the design, manufacture, marketing, retrofit, and services of switchgear products and solutions of medium voltage and low voltage switchgear, relays, and other automation solutions. This certification applies to ABB India’s ELDS plants in Nasik and Vadodara. 

ABB India’s Distribution Solutions division successfully qualified CII - IQ’s screening and assessment processes through scientific checks across levels and parameter aspects including leadership and governance, supply chain development and alignment, asset/resource management, and other performance metrics.  

This news has made the company’s share price touch a new 52-week high at Rs 2611.20 and it has a 52-week low of Rs 1619.30. Currently, at 12:40 pm, the scrip is trading at Rs 2579.95 a gain of 0.65 per cent.