ABB India reported sustained performance in mixed markets with solid growth in orders, value generation through higher customer experience, and continuation of improved margin trends. The company received orders worth Rs 2,967 crore in the third quarter (Q3) of 2016. Focus on renewables and transportation sector continues to pave way for growth. While base orders remained solid, the company witnessed a strong turnaround in large orders. As consolidation continues in the industry sector, utilities remained cautious and mostly continued with upgradation of technology through dry type transformers, gas insulated switchgears and substation packages. A relatively strong order backlog of Rs 8,676 crore as of September 30, 2016 provides visibility to future revenues. The company reported Q3 revenue of Rs 2,055 crore. Service and export revenue continues to be strong as customers focused on efficiency and productivity of existing operations. The company is well positioned with a solid execution and conversion of a robust order backlog.