ABB India focused on operational synergies and market expansion

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.

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