ABB India has set up the first of its kind multi-physics Simulation Center of Excellence (SCoE) in the country that will enhance skilldevelopment for critical electro-mechanical equipment design and manufacturing, catalyzing make inIndia for the students and the faculty members of the institute.

ABB signed the MoU with National Institute of Technical TeachersTraining & Research (NITTTR), a flagship institute under the aegis of the Ministry of Human Resource Development and one of the initial four institutes, set up in the country to realize the need for trainingbetter quality technical manpower to meet the large-scale industrialization of the country. The funding for the project is part of ABB India's CSR initiative.

The Simulation Centre of Excellence has added another feather in the cap of educational hub ofChandigarh and Mohali, having institutes of repute ranging from business schools to state of the artresearch institutions. Chandigarh and its adjoining areas have also become a sought-after destinationalso for outsourcing industries.

Students from electrical and mechanical engineering department of the institute have been workingwith ABB on online remote condition monitoring of motors and issues of motor casings. Though theSCoE was established with focus on electromechanical systems, the high-performance computingfeature of workstations in SCoE has also been used by students of Computer Science Department ofNITTTR for their post graduate thesis work in the domain of Machine Learning.

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Net profit of ABB India rose 27.66% to Rs 130.40 crore in the quarter ended June 2019 as against Rs 102.15 crore during the previous quarter ended June 2018. Sales rose 3.75% to Rs 1708.58 crore in the quarter ended June 2019 as against Rs 1646.86 crore during the previous quarter ended June 2018.

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ABB India announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 9 August 2019 .

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ABB India will hold a meeting of the Board of Directors of the Company on 26 July 2019.

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