Havells India Ltd to expand AC manufacturing capacity at Ghiloth and Sricity

Havells India Limited is planning to expand its existing manufacturing capacities of Air Conditioners at Ghiloth and Sricity locations to 15 lakh units per annum at each location, from the existing 9 lakh and 11.2 lakh units, respectively, in order to cater to the increased demand.

The Total proposed investment for the above capacity enhancements will be in the range of INR 50 - 60 crores. The same will be funded through internal accruals and the expected date of completion is Q4 FY 2025.

Shares of Havells India Limited was last trading in BSE at Rs. 1839.00 as compared to the previous close of Rs. 1834.55. The total number of shares traded during the day was 43061 in over 3911 trades.

The stock hit an intraday high of Rs. 1852.15 and intraday low of 1833.00. The net turnover during the day was Rs. 79215430.00.

Source : Equity Bulls

Keywords

HavellsIndia INE176B01034 CapacityExpansion AirConditioners Ghiloth Sricity 15LakhUnits