The company, which is part of Switzerland-based ABB Group that has operations in around 100 countries, noted that markets are yet to realise the tangible benefits from renewed momentum in reforms.
Also Read: ABB inaugurates two new manufacturing plants for power products in India
"The economic environment in India remains muted and capex investments continue to be deferred. While the renewed momentum in reforms is a welcome measure, the markets are yet to realise its tangible benefits," an ABB India spokesperson told PTI.
In the meantime, the official said the company continues to pursue new growth opportunities, indigenise its portfolio and innovate to stay ahead.
"Emerging sectors like renewables, exports and rail continue to grow faster than the conventional segments," he said.
The official was responding to a query on the company's strategy for the Indian market against the backdrop of slow economic growth and bottlenecks in the domestic power sector.
On whether the company is planning to delist its shares from the domestic bourses, the spokesperson replied in the negative.
"ABB India has no plans to delist from the Indian stock exchanges," he said. The scrip is listed on the BSE and National Stock Exchange, among others.
In the three months ended September 2013, ABB India posted a net profit of Rs 38.07 crore. This figure was after giving impact of scheme of amalgamation relating to previous year.
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