homevideos Newsbusiness Newscompanies NewsABB India focused on operational synergies and market expansion
ABB India focused on operational synergies and market expansion
In the ‘Swotlight’ segment, CNBC-TV18’s Nigel D'Souza talks about Indian Metals & Ferro Alloys Limited (IMFA), a fully integrated producer of value added ferro chrome and sells approximately 2.50 lakh tonne per annum.
Electrification and automation company ABB India said they continue to focus on operational synergies and have the capacity to expand to newer markets.
With a substantial cash reserve of approximately ₹4,700 crore, the company is well-positioned for growth.
Speaking to CNBC-TV18, Sanjeev Sharma, MD & CEO of ABB India, emphasised their robust global cash reserves, with a significant portion allocated for potential acquisitions and organic expansion in India.
“If it creates a lot of value for the customer, and also creates a lot of value for ABB and ABB shareholders, so that cash is available for inorganic opportunities. There's a good pipeline, and we keep on going through it, it can happen that ABB Group acquires something that has a large footprint in India. So it gets us there. In any case, we continue to use it for our organic expansion.”
The company has a market capitalisation of ₹1,19,343.62 crore. Its shares have risen 69% over the last year.
In the ‘Swotlight’ segment, CNBC-TV18’s Nigel D'Souza talks about Indian Metals & Ferro Alloys Limited (IMFA), a fully integrated producer of value-added ferro chrome and sells approximately 2.50 lakh tonne per annum.
(Edited by : Ajay Vaishnav)
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
PM Modi to contest from Varanasi, to file nomination papers on May 14
May 5, 2024 2:49 PM
Prajwal Revanna's father in custody for alleged kidnapping and sexual abuse
May 4, 2024 7:53 PM
Delhi, Indore, Surat and Banswara — why these are the most challenging domains for Congress internally
May 4, 2024 1:53 PM
Congress nominee from Puri Lok Sabha seat withdraws, citing no funds from party
May 4, 2024 12:00 PM