ABB India has posted an order inflow growth of 29 per cent in 2021 (January to December), which is the biggest such growth in recent years.
In a release, ABB India said that order inflows in CY2021 (January to December) stood at Rs.7,666 crore, inclusive of a record high order inflow of Rs.2,243 crore in Q4 of CY2021 (see table).
ABB India had a strong order backlog as of December 31, 2021, at Rs.4,912 crore, which provides revenue visibility and is well aligned to support growth plans in the coming quarters, the release said.
“2021 was a year that demonstrated our resilience. Our performance across all key parameters was excellent across majority of business divisions. The year has also witnessed a strong momentum in our sustainability-in-practice journey in green infrastructure, which we will continue to expand and amplify,” according to Sanjeev Sharma, Managing Director, ABB India.
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Motion and electrification business areas both posted healthy double digit growth year-on-year supported by strong contribution from smart power, channel business, exports, tier-2 and tier-3 cities penetration and packaging.
Robotics & discrete automation business area continued to record reasonable order inflows, including green shoots of recovery in the automotive market and demand in new market segments.
Key orders during Q4 of 2021 included:
- Setting up of grassroot lube complex for oil and gas major
- Power equipment for IT service management company in Hyderabad
- Refinery expansion project for one of the largest aluminum producers
- Distributed control and safety system projects for Indian multinational paint company
- Medium voltage air insulated switchgears for an Indian multinational conglomerate
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