Electrification and automation company ABB India said they continue to focus on operational synergies and have the capacity to expand to newer markets.
With a substantial cash reserve of approximately ₹4,700 crore, the company is well-positioned for growth.
Speaking to CNBC-TV18, Sanjeev Sharma, MD & CEO of ABB India, emphasised their robust global cash reserves, with a significant portion allocated for potential acquisitions and organic expansion in India.
“If it creates a lot of value for the customer, and also creates a lot of value for ABB and ABB shareholders, so that cash is available for inorganic opportunities. There’s a good pipeline, and we keep on going through it, it can happen that ABB Group acquires something that has a large footprint in India. So it gets us there. In any case, we continue to use it for our organic expansion.”
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The company has a market capitalisation of ₹1,19,343.62 crore. Its shares have risen 69% over the last year.
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