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ABB India Ltd to provision Rs. 79 crore in FY2020

ABB India Ltd to provision Rs. 79 crore in FY2020
Posted On:
2020-12-17 04:54:31
(Time Zone: Arizona, USA)
In the special meeting of Board of Directors of ABB India Ltd held today i.e. Thursday, December 17, 2020, the Board of Directors were provided with an overview of the status of certain open legacy projects in Conventional Power Generation segment of Company s Energy Industries Division belonging to Industrial Automation Business Area. The Board noted the status of these projects and the Management s assessment of estimated financial exposure which would have impact on the Company s financial performance for the current Financial Year 2020.
From the prudence point of view and also ensuring transparent reporting of the financials for the current quarter of the Financial Year, the Board approved the Management s proposal to make a onetime consolidated provision to the extent of around Rs.79 crore, during the current Financial Year 2020. The above is bas ....

India Ltd , Company Energy Industries Division , Conventional Power Generation , Energy Industries Division , Industrial Automation Business , Financial Year , இந்தியா லிமிடெட் , நிறுவனம் ஆற்றல் தொழில்கள் பிரிவு , வழக்கமான பவர் ஜெநரேஶந் , ஆற்றல் தொழில்கள் பிரிவு , தொழில்துறை ஆட்டோமேஷன் வணிக , நிதி ஆண்டு ,

Outcome of board meeting of ABB India

Held on 17 December 2020The Board of ABB India at its meeting held on 17 December 2020 were provided with an overview of the status of certain open legacy projects in Conventional Power Generation segment of Company s Energy Industries Division belonging to Industrial Automation Business Area. The Board noted the status of these projects and the Management s assessment of estimated financial exposure which would have impact on the Company s financial performance for the current Financial Year 2020.
From the prudence point of view and also ensuring transparent reporting of the financials for the current quarter of the Financial Year, the Board approved the Management s proposal to make a onetime consolidated provision to the extent of around Rs.79 crore, during the current ....

Company Energy Industries Division , Conventional Power Generation , Energy Industries Division , Industrial Automation Business , Financial Year , Capital Market , நிறுவனம் ஆற்றல் தொழில்கள் பிரிவு , வழக்கமான பவர் ஜெநரேஶந் , ஆற்றல் தொழில்கள் பிரிவு , தொழில்துறை ஆட்டோமேஷன் வணிக , நிதி ஆண்டு , மூலதனம் சந்தை ,