BSE Announcement

ABB announced today that it will invest a further ~$75 million in India during 2026 to significantly expand its manufacturing footprint and research and development (R&D) capabilities. This investment, combined with its 2025 spend of over $35 million, reflects ABB's commitment to scaling its local-for local strategy in India. Approximately 85 percent of ABB's products and solutions sold in India are manufactured locally.

The investment will support growth across ABB's Electrification, Motion and Automation business areas. It follows a decade of strong annual growth in the country, where ABB has invested more than $230 million over this period to strengthen India's position as a global manufacturing hub. This year marks ABB's 76th year of operations in the country.

ABB is investing $14 million in its two Nelamangala campus facilities to drive continued growth and deepen its localization strategy. Building on earlier enhancements, the company is expanding production capabilities at Campus 1 and preparing the launch of new technology ranges in 2026, including advanced electrical protection and enclosure solutions. A major focus of the investment is the scaling of ABB's converter manufacturing facility, which will play a central role in supporting India's fast-growing sustainable mobility sector. Over the next three to five years, ABB plans to significantly expand its portfolio serving high-speed rail and metro transportation, reinforcing its capabilities across propulsion systems, converters, traction motors and related services.

The company's newly built Nelamangala Campus 2 will meet rising demand for power protection with a tenfold production expansion for uninterruptible power supply solutions and dedicated R&D. It will also house advanced rectifier manufacturing, excitation and blending systems, and an integrated gas analyzer systems facility, supporting multiple industries and strengthening regional power and process infrastructure.

ABB is investing $21 million in its Peenya operations to expand manufacturing capacity and strengthen advanced technology capabilities. Key investments center on increasing manufacturing facilities for low-voltage drives, and specialized motors such as flameproof (Ex) motors, roller-table motors, and large smoke-venting motors. The company is also enhancing its services and digital capabilities by adding an innovation lab, remote monitoring and diagnostics, and upgraded training facilities. Additionally, ABB is modernizing its high-precision electromagnetic flowmeter calibration rig, supporting greater localization and advanced equipment manufacturing in India.

ABB is currently progressing a multi-phase laboratory and office project in Hyderabad investing $12 million in 2026 as part of phase one which includes the February 2026 operations relocation to a 12,400+ sqm leased office and lab space. For Phase two, a state-of-the-art High Power lab on ABB-owned 16,630 sqm land, is scheduled for 2026. This hub will house R&D and engineering employees.

In Nashik, ABB is expanding its current facility with an investment of $22 million for the production of indoor and outdoor circuit breakers. In addition, the enlarged facility will also feature an expanded Vacuum Interrupter (VI) factory. The expansion will also drive a localization of 33kV Primary Gas Insulated Switchgear and new SF6-free technologies by 2028.

ABB will invest $6 million to expand its manufacturing footprint at its location in Vadodara, with a focus on scaling up its slow-speed synchronous generators facility and increasing the capacity of the induction motors factory to support growing demand from core industries such as metals, oil & gas, cement and wind. The company will also expand its services workshop, improve further facilities and establish a training center.

 

Abril Paper Tech will hold a meeting of the Board of Directors of the Company on 11 March 2026.

Adani Enterprises has incorporated a wholly owned subsidiary, CORR TOLLWAYS (CTL) on 09 March 2026.

CTL shall be engaged in the business to undertake, operate and execute the Tolling, Operations and Maintenance (O&M) of the Chennai Outer Ring Road (CORR) Phase I (Vandalur to Nemilichery) and Phase II (Nemilichery to Minjur in TPP Road), including all associated facilities and infrastructure, pursuant to the concession, license or authorization granted by the Tamil Nadu State Highways Authority (TANSHA).

Aditya Vision has opened five new stores - one in Patna and two stores each in Lucknow and Kanpur on 09 March 2026.

Amit International will hold a meeting of the Board of Directors of the Company on 12 March 2026.

Aptus Value Housing Finance India announced that V. G. Kannan (DIN: 03443982) has completed his first term of five consecutive years as an Independent Director and has ceased to be an Independent Director of the Company with effect from the close of business hours on 08 March 2026.

Canara Bank has received credit ratings from ICRA as under:

Basel III Tier I bonds (Rs 11,000 crore) - ICRA AA+; Stable (reaffirmed)

Basel III Tier II bonds (Rs 11,500 crore) - ICRA AAA; Stable (reaffirmed)

Certificate of deposits (Rs 20,000 crore) - ICRA A1+ (reaffirmed / assigned)

Federal Bank has allotted 86,162 equity shares under ESOP on 09 March 2026.

GAIL (India) entered into a Memorandum of Understanding (MoU) with RailTel Corporation of India on 05 March 2026 to collaborate in the key sectors of the digital infrastructure in the country.

Godrej Properties has allotted 1,397 equity shares under ESOP n 09 March 2026. With this allotment, the paid up equity share capital of the company has increased to Rs.1,50,60,38,705 consisting of 30,12,07,741 equity shares of Rs. 5 each.