ABB India's power management technology is enabling the return of competitive international cricket to Lucknow at the new Ekana International Cricket Stadium and Sports Complex.

This new stadium forms part of the Uttar Pradesh government's vision to make Lucknow, the state capital city, a hub for sporting activities with facilities to match standards seen elsewhere in the world. ABB has also supplied substation technology with innovative hybrid switchgear for the Sawai Mansingh Cricket Stadium in Jaipur. These facilities have saved space, releasing precious land for other purposes and have improved the reliability and safety of the power supply.

ABB India has also supplied and commissioned 1 MW of solar inverters for the Lucknow Metro Project and leads the market with more than a 30 percent share for solar inverters. This initiative furthers the government directive for mass mobility infrastructure, be it metros or airports, to generate and use more green energy and reduce grid dependence. ABB inverters are the heart of the solar system ensuring the DC solar energy is converted to AC for common usage. They feed power to run lighting, lifts, escalators, air conditioners at the currently functional eight metro stations and the depot. The surplus power currently used to supply the depot will be used also to power future stations on the North-South corridor.

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Va Tech Wabag Ltd, Info Edge (India) Ltd, Triveni Turbine Ltd, Bombay Dyeing & Manufacturing Company Ltd are among the other stocks to see a surge in volumes on BSE today, 02 November 2018.

ABB India Ltd registered volume of 125.61 lakh shares by 10:47 IST on BSE, a 499.96 fold spurt over two-week average daily volume of 25124 shares. The stock rose 2.56% to Rs.1,352.55. Volumes stood at 63244 shares in the last session.

Va Tech Wabag Ltd registered volume of 2.65 lakh shares by 10:47 IST on BSE, a 19.26 fold spurt over two-week average daily volume of 13764 shares. The stock rose 3.84% to Rs.276.00. Volumes stood at 55911 shares in the last session.

Info Edge (India) Ltd clocked volume of 44731 shares by 10:47 IST on BSE, a 7.75 times surge over two-week average daily volume of 5769 shares. The stock gained 0.29% to Rs.1,490.90. Volumes stood at 7743 shares in the last session.

Triveni Turbine Ltd saw volume of 21624 shares by 10:47 IST on BSE, a 6.96 fold spurt over two-week average daily volume of 3107 shares. The stock increased 7.19% to Rs.110.30. Volumes stood at 3564 shares in the last session.

Bombay Dyeing & Manufacturing Company Ltd saw volume of 10.07 lakh shares by 10:47 IST on BSE, a 5.98 fold spurt over two-week average daily volume of 1.68 lakh shares. The stock increased 5.00% to Rs.120.75. Volumes stood at 7.82 lakh shares in the last session.

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Net profit of ABB India rose 29.92% to Rs 108.34 crore in the quarter ended September 2018 as against Rs 83.39 crore during the previous quarter ended September 2017. Sales rose 31.58% to Rs 2489.61 crore in the quarter ended September 2018 as against Rs 1892.11 crore during the previous quarter ended September 2017.

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ABB has won an order of about Rs 115 crore from Indian Railways (Diesel Locomotive works, Varanasi) to supply traction transformers. These transformers are customized for the WAP-7 type electric locomotive.The 6000 horsepower capacity locomotive is capable of hauling 24 coaches at speeds of up to 140 kilometers per hour.

The project is part of the 'Mission Electrification' initiative of the Indian Railways, which aims to convert an additional 24,000 kilometers of railways network from fuel oil to electrification. The mission alsoaims to enhance energy efficiency by adopting high quality equipment and facilitating the increased adoption of renewable energy in railway operations.

The transformers will be manufactured at ABB's Vadodara facility in Gujarat.

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