The Indian arm of the Swiss-Swedish engineering major ABB is looking to tide over the rough weather focusing on low risk short cycle orders, product indigenisation and increasing its exports. ABB India´s net profit rose over three times to Rs 59 crore for quarter ended December and Rs 179 crore for FY 2013, which is a 30% rise over the full year profit of the previous year. Wind and solar energy business grew 300% last year, the company management told analysts.
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