Heavy electrical equipment company delivers integrated automation and digital technology for India’s largest pipeline network of IndianOil

The stock is up by 60 per cent in 2 years and gave multibagger returns of 480 per cent in 5 years.

ABB India has provided comprehensive automation and digital solutions for IndianOil's extensive cross-country pipeline network, a critical infrastructure spanning over 20,000 kilometres. This network plays a vital role in India's energy security, supplying multiple states with essential oil and gas resources. The implemented solutions are designed to enhance the efficiency and reliability of this vast network, ensuring a stable and secure energy supply.

At the heart of ABB's contribution is the deployment of the ABB Ability™ SCADAvantage digital platform, which enables real-time monitoring and control of the pipelines. This platform provides critical data for informed decision-making, boosting system availability and strengthening cybersecurity through robust features like cloud-hosted disaster recovery systems. The scope of the project also encompasses the centralized management of IndianOil's pipelines nationwide, unifying them under the Centralized Pipeline Information Management System (CPIMS), and a 10-year ABB Care contract to ensure long-term support.

The project, contracted in February 2024, saw ABB rapidly design and deliver its integrated solutions within a year. This swift execution facilitated the commissioning of the advanced system, highlighting ABB's capability to provide efficient and timely solutions for complex infrastructure projects. The implementation of these technologies is set to significantly improve the operational effectiveness and security of IndianOil's vital pipeline network.

About the Company

ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this ‘Engineered to Outrun’. The company has over 140 years of history and around 110,000 employees worldwide. ABB’s shares are listed on the SIX Swiss Exchange (ABBN) and Nasdaq Stockholm (ABB).

On Wednesday, shares of ABB India Ltd gained 1.71 per cent to Rs 5,480 per share from its previous closing of Rs 5,388 per share. The stock’s 52-week high is Rs 9,200 per share and its 52-week low is Rs 4,893. The stock is up by 60 per cent in 2 years and gave multibagger returns of 480 per cent in 5 years. Investors should keep an eye on this mid-cap stock under the radar.

Disclaimer: The article is for informational purposes only and not investment advice.