ABB India has reported order inflows of Rs.1,308 crore during the third quarter (July to September) of 2020.
The order inflow was 18.6 per cent lower than the comparable Rs.1,606 crore in the same period of 2019. The third quarter of 2020 was marked by orders from the transportation, pharma, energy and water segments, ABB India said in a release.
During the first three quarters of 2020 (January to September), order inflow was Rs.4,461 crore, as against a much healthier Rs.5,374 crore in the like period of 2019.
“Overall orders remain impacted given uncertainty in the economic environment and extended decision-making cycles. Export orders continued to experience limited momentum. Service and maintenance orders witnessed a decline with customers postponing decisions to future quarters, keeping in mind the logistical challenges being faced during the pandemic,” the release noted.
The key orders received in Q3 of CY2020 include:
- Traction motor and convertor order for Indian Railways and metro projects
- Compact Secondary Substations and Ring Main Units for a private power distribution company
- Distributed Control Systems and Manufacturing Execution System for an Indian pharma major and first time order for fleetwide engine monitoring software by India’s largest private ship-owner
- Robotics orders for assembling and packaging applications from a global electronics manufacturer
The outstanding order book position of ABB India as of September 30, 2020, stood at Rs.4,390 crore, widely spread across various end markets.
Performance Highlights of Q3CY2020
During the quarter, a new robotics facility was inaugurated, which houses a state-of-the-art shop floor that can run proof of concepts and doubles capacity of factory acceptance tests. The quarter was also marked by two major launches: the anti-bacterial range of switches Tvisha; and the unveiling of eMart ABB India’s e-marketplace with more than 6,500 products and solutions from electrification and motion business areas.
As for the business outlook, ABB India said, “The impact of COVID-19 continues to weigh on the short-term outlook across many end-markets, particularly in conventional power generation, automotive, marine and buildings. ABB India will continue to engage closely with customers through various virtual modes and leverage select pockets of growth with its sustainable, digital and wide-ranging technology.”
Featured photograph showing air insulated switchgear by ABB is for representation only
