ABB CEO Ulrich Spiesshofer met with India's Prime Minister, Narendra Modi, in New Delhi during the MOVE Summit on 7 September 2018. Spiesshofer's talks with the Prime Minister focused on how ABB can support the government's renewable energy targets, and accelerate public transportation's transition to electric power.

Spiesshofer's meeting with the Prime Minister comes at a time when India has set an ambitious target of producing 227 GW of renewable energy by 2022, and has launched an initiative to electrically power majority of its public transport vehicles. India is also investing to make its power grid more resilient in the face of growing demand.

In India, ABB is the only company with capabilities spanning the entire electricity value chain, from grid infrastructure, to automation and power management, to electrification, including electric vehicle charging. ABB is a digital leader at the forefront of the Energy and Fourth Industrial Revolutions and has been a leader in electrification and e-mobility for well over a century.

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Apollo Hospitals Enterprise Ltd, 3M India Ltd, Dr Lal Pathlabs Ltd, TVS Srichakra Ltd are among the other stocks to see a surge in volumes on NSE today, 13 August 2018.

ABB India Ltd recorded volume of 3.75 lakh shares by 14:14 IST on NSE, a 9.55 times surge over two-week average daily volume of 39293 shares. The stock lost 0.91% to Rs.1,195.45. Volumes stood at 1.34 lakh shares in the last session.

Apollo Hospitals Enterprise Ltd recorded volume of 41.49 lakh shares by 14:14 IST on NSE, a 8.27 times surge over two-week average daily volume of 5.02 lakh shares. The stock gained 14.24% to Rs.1,078.35. Volumes stood at 10.84 lakh shares in the last session.

3M India Ltd notched up volume of 24104 shares by 14:14 IST on NSE, a 8.02 fold spurt over two-week average daily volume of 3005 shares. The stock rose 2.15% to Rs.24,977.95. Volumes stood at 8094 shares in the last session.

Dr Lal Pathlabs Ltd recorded volume of 4.07 lakh shares by 14:14 IST on NSE, a 7.14 times surge over two-week average daily volume of 56928 shares. The stock gained 2.26% to Rs.947.00. Volumes stood at 1.5 lakh shares in the last session.

TVS Srichakra Ltd clocked volume of 22938 shares by 14:14 IST on NSE, a 7.11 times surge over two-week average daily volume of 3225 shares. The stock lost 1.04% to Rs.2,886.95. Volumes stood at 2609 shares in the last session.

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Net profit of ABB India rose 36.09% to Rs 102.15 crore in the quarter ended June 2018 as against Rs 75.06 crore during the previous quarter ended June 2017. Sales rose 21.79% to Rs 2680.64 crore in the quarter ended June 2018 as against Rs 2201.12 crore during the previous quarter ended June 2017.

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ABB India will hold a meeting of the Board of Directors of the Company on 19 July 2018.

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