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Press Release Bangalore, India 19-04-2020

2 min read

ABB Power Grids wins INR 165 crore order from Indian Oil Corporation

ABB Power Grids in India has been chosen by Indian Oil Corporation Ltd to strengthen its mission-critical power infrastructure at its Barauni refinery in Bihar


In addition to this, ABB Power Grids is equipping the substation with its advanced substation automation and network management tools to control and protect IOCL’s grid real-time and ensure maximum power availability. It is also deploying its industry-leading power transformers (125 mega volt amps) to further enhance grid safety and efficiency.

“This order from IOCL is a milestone in our grid integration projects that will allow us to play a more active role in meeting future energy demand with our pioneering technology solutions,” said N Venu, Managing Director, ABB Power Grids in India. “As India's oil demand is expected to reach 6 million barrels per day by 2024*, refineries will have to prime themselves ahead of time to avoid potential supply disruptions. We are proud to have been chosen by IOCL as a trusted partner to augment its mission-critical power infrastructure for the future.”

The project is part of ABB Power Grids' broader strategy to penetrate the industrial segment and highlights its long-standing leadership in digital integration, grid connections and power quality. Leveraging its track record of innovation, engineering expertise and world-class products and solutions, ABB Power Grids' with this project reinforces its position as a partner-of-choice for enabling a stronger, smarter and greener grid.

ABB Power Products and Systems India Limited is the standalone legal entity of ABB’s Power Grids business in India, and is listed on the NSE and BSE as POWERINDIA.

ABB Power Grids is a global leader and pioneer in power technologies. We create value for customers across the energy, industrial, transportation and infrastructure sectors, delivering an extensive range of digitally advanced solutions. Active in more than 90 countries, our experts contribute deep insight that enhances reliability, efficiency and safety. Together, we are committed to shaping the future of sustainable energy for generations to come, as the partner of choice for a stronger, smarter and greener grid. www.abb.com/grid

ABB (ABBN: SIX Swiss Ex) is a technology leader that is driving the digital transformation of industries. With a history of innovation spanning more than 130 years, ABB has four customer-focused, globally leading businesses: Electrification, Industrial Automation, Motion, and Robotics & Discrete Automation, supported by the ABB Ability digital platform. ABB’s Power Grids business will to Hitachi in 2020. ABB operates in more than 100 countries with about 147,000 employees. www.abb.com