Latest news with #SanjeevSharma
Business Standard
5 days ago
- Business
- Business Standard
ABB India marks 30 Years of NSE Listing
(L to R) Sanjeev Sharma, Country Head and Managing Director, ABB India, and Ashishkumar Chauhan, MD & CEO of NSE, at the Bell Ringing Ceremony Marking ABB India's 30 Years of NSE Listing PRNewswire Mumbai (Maharashtra) [India], August 4: ABB India Limited, a leading player in electrification and automation, today celebrated 30 years of its listing on the National Stock Exchange (NSE) with a ceremonial bell-ringing event at NSE Mumbai. The event was graced by Ashishkumar Chauhan, MD & CEO of NSE, and Sanjeev Sharma, Country Head and Managing Director, ABB India, alongside senior leaders from both organizations. Delivered over 8,500% growth in total shareholder return (TSR) during the period - Among the first companies listed on NSE at its inception in 1994 - Market capitalization and share price surged 68x - Consistent dividend payout for 30 years - Revenue up 20x, PAT up 37x since 1994 - Manufacturing footprint expanded 3-fold in the period with green certified facilities Listed on February 8, 1995, ABB India has evolved from a traditional electrical equipment and engineering firm into a future-ready electrification and automation technology leader. Over the past three decades, the company has consistently delivered strong financial performance and shareholder value. A lot of 100 shares purchased at listing for INR 8,883 is now worth over INR 608,050, reflecting a 6,745% increase, excluding dividends. "This is a landmark year for ABB India," said Sanjeev Sharma, Country Head and Managing Director, ABB India. "Following 75 years of manufacturing and innovation in the country, we are now proud to celebrate three decades as a listed entity on the NSE. Over the years, we have successfully navigated market cycles, embraced digital transformation, and remained committed to delivering high-performance, sustainable solutions, all while staying true to our core belief of being 'Engineered to Outrun'. We have not only empowered industries to outrun leaner and cleaner but have also walked the talk in making our own operations resource-efficient and sustainable. As India enters a new era of modern infrastructure, digitalization, and energy transition, ABB is proud to play a role that shapes the future of the country." Ashishkumar Chauhan, MD & CEO of NSE, said, "ABB India's 30-year journey on the NSE is a testament to its resilience, innovation, and governance. Its growth story mirrors the rise of India's capital markets with NSE becoming the fifth largest exchange in the world by total market capitalization. NSE has also championed and pioneered the concept of digital trading in the country, bringing in unprecedented transparency and accountability. We congratulate ABB India on this milestone and look forward to its continued leadership in powering India's progress." ABB India has expanded its operations from manufacturing to include R & D, engineering operations, and business services. Today, it serves 23 industry segments, up from just six in the early years. Over 90% of its India-made products are consumed locally under its 'Local for Local' strategy. There are more than 10,000 people working across multiple locations, businesses, functions and entities of ABB, relentlessly serving our customers. The company works with over 750 partners across 150+ cities and 6,000+ suppliers, reinforcing its commitment to local ecosystems. ABB India continues to be a preferred partner for industries, utilities, and infrastructure projects, supporting the nation's digital and sustainable transformation. ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this 'Engineered to Outrun'. The company has over 140 years of history and around 110,000 employees worldwide. Photo:
Yahoo
5 days ago
- Business
- Yahoo
ABB India marks 30 Years of NSE Listing
Delivered over 8,500% growth in total shareholder return (TSR) during the period Among the first companies listed on NSE at its inception in 1994 Market capitalization and share price surged 68x Consistent dividend payout for 30 years Revenue up 20x, PAT up 37x since 1994 Manufacturing footprint expanded 3-fold in the period with green certified facilities MUMBAI, India, Aug. 4, 2025 /PRNewswire/ -- ABB India Limited, a leading player in electrification and automation, today celebrated 30 years of its listing on the National Stock Exchange (NSE) with a ceremonial bell-ringing event at NSE Mumbai. The event was graced by Ashishkumar Chauhan, MD & CEO of NSE, and Sanjeev Sharma, Country Head and Managing Director, ABB India, alongside senior leaders from both organizations. Listed on February 8, 1995, ABB India has evolved from a traditional electrical equipment and engineering firm into a future-ready electrification and automation technology leader. Over the past three decades, the company has consistently delivered strong financial performance and shareholder value. A lot of 100 shares purchased at listing for INR 8,883 is now worth over INR 608,050, reflecting a 6,745% increase, excluding dividends. "This is a landmark year for ABB India," said Sanjeev Sharma, Country Head and Managing Director, ABB India. "Following 75 years of manufacturing and innovation in the country, we are now proud to celebrate three decades as a listed entity on the NSE. Over the years, we have successfully navigated market cycles, embraced digital transformation, and remained committed to delivering high-performance, sustainable solutions, all while staying true to our core belief of being 'Engineered to Outrun'. We have not only empowered industries to outrun leaner and cleaner but have also walked the talk in making our own operations resource-efficient and sustainable. As India enters a new era of modern infrastructure, digitalization, and energy transition, ABB is proud to play a role that shapes the future of the country." Ashishkumar Chauhan, MD & CEO of NSE, said, "ABB India's 30-year journey on the NSE is a testament to its resilience, innovation, and governance. Its growth story mirrors the rise of India's capital markets with NSE becoming the fifth largest exchange in the world by total market capitalization. NSE has also championed and pioneered the concept of digital trading in the country, bringing in unprecedented transparency and accountability. We congratulate ABB India on this milestone and look forward to its continued leadership in powering India's progress." ABB India has expanded its operations from manufacturing to include R&D, engineering operations, and business services. Today, it serves 23 industry segments, up from just six in the early years. Over 90% of its India-made products are consumed locally under its 'Local for Local' strategy. There are more than 10,000 people working across multiple locations, businesses, functions and entities of ABB, relentlessly serving our customers. The company works with over 750 partners across 150+ cities and 6,000+ suppliers, reinforcing its commitment to local ecosystems. ABB India continues to be a preferred partner for industries, utilities, and infrastructure projects, supporting the nation's digital and sustainable transformation. ABB is a global technology leader in electrification and automation, enabling a more sustainable and resource-efficient future. By connecting its engineering and digitalization expertise, ABB helps industries run at high performance, while becoming more efficient, productive and sustainable so they outperform. At ABB, we call this 'Engineered to Outrun'. The company has over 140 years of history and around 110,000 employees worldwide. Photo: View original content to download multimedia: Se produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
The Hindu
6 days ago
- Politics
- The Hindu
Press Club of India seeks withdrawal of FIR against journalist in Himachal Pradesh
The Press Club of India (PCI) on Sunday (August 3, 2025) urged Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu to intervene and withdraw a first information report (FIR) registered by the Shimla police against a journalist and a news portal. The Club criticised the police action against journalist Sanjeev Sharma and the news portal Samwad Bharat, terming it 'a clear attempt to intimidate and silence independent journalism'. The Press Club of India strongly condemns the FIR filed by Shimla Police against journalist Sanjeev Sharma and a news portal — "Samwad Bharat" for sharing a Facebook post on his social media platform. We urge the Himachal Pradesh Chief Minister, Sukhvinder Singh Sukhu to… — Press Club of India (@PCITweets) August 3, 2025 'The FIR alleges that the journalist spread misinformation and tarnished the image of the police. In reality, Sharma and Samwad Bharat merely reposted a Facebook message by the son of a road accident victim, who raised serious concerns about the police's delayed response despite multiple emergency calls,' the Club said, adding that the journalist's post highlighted valid concerns and demanded accountability. 'Unfortunately, this is not an isolated incident. Across the country, there is a growing trend of targeting journalists who raise critical questions. Intimidation, harassment, and legal action are increasingly being used to suppress press freedom. A journalist exercising their democratic right to question state authority must not be met with criminal charges. This FIR reflects a disturbing pattern irrespective of who is in power, which should not be the case,' it said, adding that such actions erode public trust and endanger the role of the press in a democratic country. 'We urge the Himachal Pradesh Chief Minister, Sukhvinder Singh Sukhu, to personally look into the matter and order the withdrawal of the FIR immediately and uphold constitutional protections for freedom of speech and expression,' the Club said.
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Business Standard
7 days ago
- Business
- Business Standard
ABB India Q1 results: Profit falls 20% to Rs 352 cr due to forex volatility
Electrification and automation major ABB India on Saturday posted a 20 per cent fall in net profit to Rs 352 crore during the June quarter compared to the year-ago period, primarily due to the impact of forex volatility and higher expenses. The company had reported profit after tax of Rs 443 crore in the same quarter of 2024, a company statement said. The company follows January-December financial year. According to the statement, the company achieved a revenue of Rs 3,175 crore for the second quarter, higher than Rs 2,831 crore in the same period a year ago. The company's total expenditure jumped to Rs 2,801.1 crore in Q2 CY2025 from Rs 2,323.9 crore a year ago. The company's cash position continues to remain robust at Rs 5,154 crore at the end of Q2 2025. ABB India Board of Directors declared an interim dividend of Rs 9.77 per equity share of face value of Rs 2 each. "With a strong revenue and backlog expansion, we have delivered yet another resilient performance for the second quarter and first half of the year. While profitability was impacted by forex volatility and one-offs during the quarter, we continued to deliver double-digit PAT margins for the 11th consecutive quarter. Cash position of the company remains healthy due to consistent efforts in collection," said Sanjeev Sharma, Country Head and Managing Director, ABB India. Total orders were at Rs 3,036 crore for Q2 CY2025, down from Rs 3,435 crore in April-June 2024 due to the impact of large order timing, while base orders increased. The market segments for order momentum include electronics, railways, data centres, energy, metals and mining and building and infrastructure. ABB India continues to have a strong executable order backlog of Rs 10,064 crore as June 30, 2025 (compared to Rs 9,517 crore year ago).
Hindustan Times
25-07-2025
- General
- Hindustan Times
Mohali MC to rope in private hand to drive waste segregation
Stung by a dismal performance in the 2024 Swachhta Survekshan rankings, the Mohali Municipal Corporation (MC) is ramping up efforts to ensure proper waste segregation at source, one of its weakest waste management areas, by roping in a private player for door-to-door garbage collection for the first time. Garbage strewn around on roadsides across the city points to the long road ahead for Mohali in managing its daily waste effectively. (Sanjeev Sharma/HT) Currently, garbage collection in the city remains disorganised, with both sanitation workers and residents failing to segregate waste at source. In the rankings announced on July 17, Mohali fell to the 128th spot among 903 cities with population between 50,000 and 3 lakh — a sharp drop from 82nd last year. Within Punjab, it slipped to the 11th spot among 35 cities, compared to first place last year among cities with over 1 lakh population. Mohali scored 69.93% — earning 8,742 out of 12,500 marks — compared to last year's 82.72% (6,204.20 out of 7,500). Officials attributed the poor performance largely to non-segregation of waste at source and poor processing of waste generated —two key parameters in the central government's cleanliness survey. Tech-enabled monitoring MC commissioner Parminder Pal Singh said, 'For the first time, we are privatising door-to-door garbage collection and will float tenders next week. Our aim is to implement an end-to-end, tech-enabled, efficient waste management system in compliance with the Solid Waste Management Rules, 2016.' As part of the plan, sanitation workers will sensitise households about waste segregation. Each household will be assigned a QR code, and violations, such as mixing wet and dry waste, will be logged in real-time via a mobile app with time and date. Repeat violations will be escalated to MC sanitary inspectors. Collection vehicles will be required to have separate compartments for wet and dry waste and deliver it to Material Recovery Facilities without mixing. Any violation, including mixing of waste post-collection, will attract strict penalties as per the Service Level Agreement. Three plants set up for waste processing To improve processing, MC has also set up two waste management facilities at Shahimajra and Jagatpura villages, where shed construction and machinery installation is complete. A Panchkula-based agency has been hired to install waste sorting equipment at both sites. While dry waste will be processed here, wet waste will be sent to another shed in Phase 3A. The Shahimajra plant has a daily processing capacity of 40 tonnes and the Jagatpura facility can handle 80 tonnes per day. These steps come in the wake of the Punjab and Haryana high court ordering closure of the Phase 8-B dumping ground, leaving the city with no designated dump. CSR-funded park upkeep Meanwhile, in a bid to improve park maintenance and reduce financial strain, MC has also decided to hand over five major city parks to private companies under the Corporate Social Responsibility (CSR) model. Mohali currently has 798 parks, including 39 designated as 'Special Parks' and 194 maintained by Residents' Welfare Associations (RWAs). The plan is to bring 604 parks, including all 39 Special Parks and 565 others, under CSR to enhance upkeep and transparency.
