The expansion will increase plant capacity by more than 20 percent and further strengthen ABB’s presence in the region and global markets. The Faridabad facility is at the forefront of promoting sustainable practices, leveraging renewable energy and improving energy efficiency across the facility.
To expand its current low voltage motor manufacturing capabilities, ABB has built a new production line at its Faridabad facility. The new line will develop energy efficient motors up to 55 kW for customers operating in various industrial segments such as F&B, water and wastewater, cement, metals and mining, HVAC, textiles, rubber and others. ABB’s low voltage motors are designed to be compact to minimize footprint and total cost of ownership. ABB’s LV motors offer more flexibility to meet specific customer requirements and help run critical processes with minimal downtime.
“This expansion further reinforces our commitment to the ‘Make in India’ initiative. Not only will the new line meet the growing demands of the domestic market, but it will also help us boost exports to other key markets such as the Middle East and Africa – the state-of-the-art manufacturing facilities will continue to produce world-class motors that are reliable and energy efficient, “said Sanjeev Arora, President of ABB Motion India.
Since around 75% of industrial motors are used to drive pumps, fans and compressors, the use of energy-efficient motors plays a crucial role in reducing energy consumption. ABB manufactures super-premium efficiency motors in India that meet the IE4 standard, which states energy losses are around 15% lower than those supplied by IE3 motors. Rugged, customizable, reliable, these motors are suitable for use in a wide variety of industries and applications, and in some of the most demanding conditions.
State-of-the-art facility with a focus on sustainability
In an effort to enable a low carbon society, ABB is continuously working to achieve the RE100 commitment and carbon footprint reduction at its Faridabad manufacturing facility. In 2020, the unit contributed to a 100 percent reduction in CO2 emissions (Scope 2 emissions) through its own solar power generation and the purchase of energy attribute certificates (IREC). In line with the EP100 commitment, various activities are carried out to improve energy efficiency, such as: For example, the introduction of energy-efficient lighting, highly efficient IE 3 / IE4 motors and the improvement of the energy efficiency potential of compressors.
In 2020, ABB launched a new range of high-performance motors with a compact design for its industrial customers in India, reducing the overall size of the equipment and the total cost of ownership. The Indian motors manufactured in ABB’s Bengaluru and Faridabad plants helped strengthen ABB’s presence in the domestic market.
The shares of ABB India Limited were last in BSE at Rs. 1653 compared to the previous closing of Rs. 1707.7. The total number of stocks traded during the day was 7893 in over 1000 trades.
The stock hit an intraday high of Rs. 1730 and an intraday low of 1629.2. Net sales during the day were Rs. 13,154,156.