Power and automation technology major ABB has secured an order worth Rs 220 crore from Tata Projects, to provide power products and solutions for coal-fired power plant under construction in Andhra Pradesh.

It should be noted the Krishnapatnam thermal power plant will be first in India to deploy super-critical technology on a large scale.

Under the terms of the contract, ABB will provide an electrical balance of plant (eBoP) solution, including transformers, switchgear and protection equipment, as well as a

ABB, the leading power and automation technology group, has won an order worth Rs 165.40 from Power Transmission Corporation of Uttarakhand Ltd (PTCUL), for three substations to strengthen the northern Indian region's transmission grid and help deliver clean hydropower to communities in the area.

PTCUL is the power transmission utility responsible for operating and maintaining substations and transmission lines in the north Indian state of Uttarakhand.

ABB, the leading power and automation technology group, has won order worth Rs 141 crore from Maharashtra State Electricity Transmission Company Limited (MSETCL) for substations to help improve the efficiency and reliability of the state's network.

The 220kV and 132kV substation will be located in the Nashik, Amravari and Nagpur zones of the western Indian state of Maharashtra and are an integral part of MSETCL's efforts to reduce transmission and distribution losses. The order was won in the second quarter and the project is scheduled for completion in 2010.

ABB Limited was incorporated on 24th December 1949, at Mumbai. Company was involved mainly into manufacturing of transformers, electric motors, all-aluminium conductors, furnaces, extra H. T. air blast circuit breakers, panels and switchboards. Company's parent ABB group, have more than 1000 companies, has operations in more than 100 countries and is involved in power generation, transmission and distribution (T&D), industrial equipments and systems, and factory automation.

ABB, the Swiss engineering group said on Monday that it is planning to increase stake in its Indian unit.

The recent reports state that the company is going to offer the shareholders in India, Rs. 999 per share for increasing its stake. Its plans are that the total equity of ABB becomes 75 per cent in Indian company, marking an increase of 52 per cent over its existing figures.

The aim, said the company which is primarily into the business of power and automation technology, is to go for more developments in India. Since these are long-term decisions, it is better if the company has decision making authority.

ABB India has registered a decline of 54.17% in its net profit at Rs 38.31 crore in the three month period ended June 2010 as compared to Rs 83.60 crore during the like period of 2009.

In a statement, it said, "The results of the company were adversely impacted in the second quarter on account of continued costs on the exit from rural electrification business and increasing price pressure in the market."

Private sector power and automation company has reported a fall of 3.88% in its total revenue at Rs 1,446.6 crore as against Rs 1,505 crore in the same period of previous year.

Technical analyst Hemen Kapadia has maintained 'sell' rating on ABB Limited stock an intra-day target of Rs 753.

According to analyst, the investors can sell the stock at Rs 761 with a stop loss of Rs 765.

The analyst also said that the stock will drop further, so it's better to sell it now.

Today, the stock of the company opened at Rs 770 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 968 and a low of Rs 686 on BSE.

Current EPS & P/E ratio stood at 13.98 and 55.09 respectively.

Technical analyst Manoj Sachdeva of Hem Securities has maintained 'buy' rating on ABB Limited stock with a target Rs 836.

According to analyst, the investors can buy the stock with a stop loss of Rs 790

Mr. Sachdeva added that the stock can attain the said target within 3-4 trading sessions.

The stock of the company, on December 29, closed at Rs 802.65 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 968 and a low of Rs 686 on BSE.

Current EPS & P/E ratio stood at 13.98 and 57.12 respectively.