ABB India shines on commissioning data analytics platform at Bhandara steel plant

ABB India is currently trading at Rs. 1685.40, up by 26.45 points or 1.59% from its previous closing of Rs. 1658.95 on the BSE.

The scrip opened at Rs. 1662.65 and has touched a high and low of Rs. 1696.45 and Rs. 1662.65 respectively. So far 3856 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1751.00 on 01-Jun-2021 and a 52 week low of Rs. 782.20 on 17-Jun-2020.

Last one week high and low of the scrip stood at Rs. 1731.45 and Rs. 1602.00 respectively. The current market cap of the company is Rs. 35706.56 crore.

The promoters holding in the company stood at 75.00%, while Institutions and Non-Institutions held 11.09% and 13.91% respectively.

ABB India has commissioned a data analytics platform at a steel plant of Sunflag Iron and Steel Company in Bhandara, Maharashtra. The project improves end-to-end production visibility and helps digitalize the customer's operations.

ABB Ability Data Analytics Platform solution will help integrate data sources across 17 operational areas. The plant, which has a capacity to produce 5,00,000 metric tons of high-quality special steel per annum, now has the platform to integrate data sources across 17 operational areas. The platform enables identification and diagnosis of issues.

ABB is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future.