ABB India announced a significant milestone in its renewable energy expansion with the dispatch of its first wind power converter manufactured locally at its Nelamangala facility in Bengaluru on January 19, 2026. This achievement follows the company's acquisition of Gamesa Electric's power electronics business in December 2025, marking a strategic step in strengthening India's renewable energy manufacturing capabilities.

Strategic Acquisition Integration

The dispatch represents the successful integration of Gamesa Electric's proven wind energy conversion technologies into ABB's existing portfolio. This milestone delivery to a wind turbine original equipment manufacturer demonstrates ABB's expanded commitment to both the Indian and global renewable energy sectors.

The initiative aligns with India's 'Atmanirbhar Bharat' vision and the 'Make in India' campaign, solidifying ABB's manufacturing footprint in the renewable energy sector with enhanced focus on wind power technologies.

Market Position and Global Impact

"Wind energy plays a critical role in the energy transition. By delivering advanced power conversion technologies that are locally manufactured in India and engineered for effective grid integration, we are strengthening the integration of wind power into the grid and supporting the scale-up of renewable energy worldwide," said Anoop Anand, President – Motion High Power Division, ABB India Ltd.

The acquisition significantly expands ABB's serviceable installed base of wind converters by approximately 46 gigawatts, equivalent to nearly one-fifth of India's current installed renewable energy capacity. ABB has delivered more than 60,000 wind converters and generators worldwide over 15 years in the renewable energy sector.

India's Renewable Energy Landscape

India has emerged as the world's third largest wind manufacturing base, positioned to meet around 10 percent of global wind demand. The country aims to scale its installed wind capacity to 107 GW by 2030, reinforcing its growing importance in the global renewable energy ecosystem.

Comprehensive Technology Portfolio

ABB India's renewable energy portfolio encompasses multiple technologies manufactured locally to support integrated renewable energy solutions:

• Utility-scale solar inverters
• Power conversion systems for battery energy storage systems
• Wind power converters
• Grid integration technologies

With expertise in power electronics and grid integration, ABB is positioned to support India's renewable energy growth phase, focusing on grid reliability, regulatory compliance, and local manufacturing capabilities. The company's comprehensive approach addresses the increasing importance of locally manufactured solutions in India's renewable energy sector.

ABB India Limited has filed its annual disclosure under the SEBI Large Corporate framework, confirming that it does not qualify as a Large Corporate entity for the financial year ended December 31, 2025. The disclosure was submitted to both BSE Limited and National Stock Exchange of India Limited on January 13, 2026, in compliance with SEBI Circular No. SEBI/HO/DDHS/P/CIR/2021/613 dated August 10, 2021.

Key Financial Position

The company's disclosure reveals its strong financial standing with specific metrics outlined in the mandatory format. ABB India reported nil outstanding borrowings as of December 31, 2025, indicating a debt-free position during the reporting period.

Credit Rating and Compliance Status

ABB India maintained its highest credit rating of CRISIL AAA during the previous financial year, reflecting the company's strong creditworthiness and financial stability. The AAA rating represents the highest level of safety regarding timely servicing of financial obligations and carries the lowest credit risk.

Large Corporate Framework Exemption

The company explicitly confirmed that it does not meet the applicability criteria for classification as a Large Corporate under Chapter XII of SEBI's operational circular dated August 10, 2021. Consequently, the annual disclosure requirements specified in Annexure-B2 for Large Corporate entities are not applicable to ABB India Limited.

Regulatory Compliance

The disclosure was signed by Company Secretary Trivikram Guda and Chief Financial Officer T K Sridhar, ensuring proper authorization and compliance with regulatory requirements. The submission fulfills ABB India's obligation to provide transparency regarding its borrowing framework status under SEBI's Large Corporate guidelines for fund raising through debt securities.