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Explore how an antitrust probe uncovered collusion among Indian cement firms, revealing bid rigging to oust foreign competitors View More
Global technology major ABB will invest approximately $75 million in India in 2026. This expansion will boost manufacturing and research capabilities across key sectors. The investment supports ABB's local-for-local strategy, strengthening operations and creating over 300 new skilled jobs. This move aligns with India's growing demand for energy transition and infrastructure development. View More
Global technology major ABB on Sunday announced plans to invest about $75 million in India in 2026 to expand its manufacturing footprint and research and development (R&D) capabilities across key infrastructure and industrial segments. The investment, which follows a $35 million spend in 2025, will support the company’s "local-for-local" strategy, under which nearly 85% of ABB’s products and solutions sold in India are manufactured locally. According to the company, the investment will strengthen operations across its Electrification, Motion and Automation business segments and create over 300 new skilled jobs in engineering, operations and research. "This investment in India is an important part of our strategy to support infrastructure build-out and growth in one of our fastest growing markets," said Morten Wierod. "We are seeing strong demand driven by the country’s energy transition, grid modernization, data center development, and the rapid expansion of the metro and high-speed rail segments. Our expanded facilities will ensure we meet this demand while enhancing our capabilities to serve other markets in the region," he added. Live Events Investments across key locations The company said the investments will be spread across several manufacturing and R&D locations in India. In Bengaluru, ABB will invest $14 million at its Nelamangala campus facilities to expand production capacity and introduce new technology ranges, including advanced electrical protection and enclosure solutions. The company will also scale up its converter manufacturing facility, which supports India’s growing sustainable mobility sector, including metro and high-speed rail. Another $21 million investment will go into ABB’s Peenya facility in Bengaluru, where the company plans to expand manufacturing capacity for low-voltage drives and specialised motors. The facility will also see the addition of an innovation lab, remote monitoring and diagnostics systems, and upgraded training facilities. In Hyderabad, ABB is developing a new laboratory and office hub with an investment of $12 million as part of the first phase. The facility will host R&D and engineering teams, while a state-of-the-art High Power laboratory is planned in the next phase. The company will also invest $22 million in Nashik to expand its production of indoor and outdoor circuit breakers and enlarge its Vacuum Interrupter (VI) factory, while driving localisation of 33kV primary gas-insulated switchgear and SF6-free technologies by 2028. In Vadodara, ABB plans to invest $6 million to scale up manufacturing of slow-speed synchronous generators and induction motors, catering to industries such as metals, oil and gas, cement and wind energy. Strengthening India operations ABB said the investment builds on a decade of growth in India, during which the company has invested more than $23 crore to strengthen the country’s position as a manufacturing hub. The year 2026 also marks ABB’s 76th year of operations in India. The company reported revenue of more than $1.5 billion from India in 2025, accounting for around 4% of ABB Group’s global revenue. With over 10,000 employees in the country, ABB operates nearly 25 manufacturing, distribution and operating facilities along with five major R&D centres across India. ABB, a global leader in electrification and automation technologies, said the latest investment will further support India’s infrastructure expansion and the transition to more sustainable and efficient industrial systems. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)
Explore today’s stock market highlights featuring Tata Power, UltraTech Cement, RailTel, and major developments in various industries View More
The acquisition is expected to strengthen the JSW Cement’s access to key raw materials and support its long-term expansion strategy View More
Cement makers are pushing volumes and mild price hikes in Q4, but rising imported coal and petcoke costs threaten margins, making April price increases crucial for FY27 earnings outlook. View More
The report stated that cement demand and prices showed improvement in January 2025, indicating strengthening momentum in the sector View More
While Shree Cement has narrowed the pricing gap by prioritizing value, muted volume growth suggests a loss of market share. View More
Ambuja Sanghi merger: The National Company Law Tribunal has approved the merger of Sanghi Industries with Ambuja Cements. This significant development was announced by Ambuja Cements in an exchange filing. The tribunal pronounced its order on February 9, 2026, sanctioning the scheme of arrangement. April 1, 2024, is the appointed date for this merger. View More
The proposed merger of Sanghi Industries with Adani-led Ambuja Cements received the National Company Law Tribunal 's green light on Monday. In an exchange filing, Ambuja Cements said the tribunal pronounced its order on February 9, 2026, sanctioning the scheme of arrangement between the two companies and their respective shareholders. As per the scheme, April 1, 2024 has been fixed as the appointed date, while the merger is set to take effect after all formalities and steps outlined in the scheme are completed. Also Read | Cement majors post double-digit volume growth in Q3, expect price recovery ahead "The Appointed Date of the Scheme is April 1, 2024. It will be effective upon completion of the steps, as laid out in the Scheme. We will update the exchanges once the Scheme becomes effective," the filing. Live Events Ambuja Cement's consolidation plans Ambuja had announced in December 2024 that Sanghi Industries would be merged into the company as part of a broader consolidation plan, which also includes the merger of Penna Cement Industries. According to the arrangement with Sanghi Industries, shareholders will receive 12 shares of Ambuja Cements for every 100 shares held in Sanghi. Moreover, Ambuja Cements, which is the promoter of Sanghi Industries and holds a 58.08% equity stake, had completed the acquisition of Sanghi Industries last year for about Rs 5,185 crore. The Adani Group-owned firm had also said the merger will allow it to fully absorb Sanghi’s operations, streamline its organisational structure and simplify compliance requirements. Also Read | Adani Group consolidates cement assets: Ambuja Cements to merge ACC & Orient Cement Sanghi Industries operates a clinker capacity of 6.6 million tonnes per annum (MTPA) and cement capacity of 6.1 MTPA, with limestone reserves estimated at around one billion tonnes. Its Sanghipuram facility in Gujarat is among the largest single-location cement and clinker plants in the country, supported by a captive jetty and power plant. Following a series of acquisitions, Ambuja Cements is aiming to scale up its cement to about 140 MTPA by 2027–28. The company had said that the consolidation is expected to improve operational efficiency, strengthen cash flow management and support faster expansion, ultimately enhancing shareholder value. .Pbanner{display:flex;justify-content:space-between;align-items:center;background-color:#ec1c40;margin-top:20px;padding:5px 10px;border-radius:4px;color:#fff;line-height:10px;} .Pbannertext{display:flex;align-items:center;font-size:16px;font-weight:600;font-family:'Montserrat';} .Pbannertext img{height:20px;margin:0 6px} .Pbannerbutton a{display:flex;align-items:center;background-color:#fff;color:#ec1c40;text-decoration:none;font-weight:600;padding:4px 8px;border-radius:6px;font-size:15px;font-family:'Montserrat';} .Pbannerbutton img{height:20px;margin-right:6px} .Pbannerbutton a:hover{background-color:#f7f7f7} Add as a Reliable and Trusted News Source Add Now! (You can now subscribe to our Economic Times WhatsApp channel) (You can now subscribe to our Economic Times WhatsApp channel)