Havells India Ltd to expand manufacturing capacity of Cables at Alwar facility

Havells India Limited, had earlier announced about the proposed expansion of its annual manufacturing capacities of Cables at Alwar location, from 32.9 lakh km to 41.2 lakh km, with an investment of INR 375 crores. The proposed capacity was expected to become operational by March 2026.

The Company has now decided to further enhance its annual manufacturing capacities of Cables at Alwar location by 0.25 lakh km with an additional investment of INR 340 Crores. This will result into a total annual capacity of Cables at 41.45 lakh km at Alwar. The additional capacity enhancement and capital expenditure is intended to meet the growing demand for Cables and improve operational efficiencies through backward integration and process improvements. The additional investment is proposed to be funded through internal accruals and the enhanced capacity expansion is expected to be operational by September 2026.

Shares of Havells India Limited was last trading in BSE at Rs. 1574.40 as compared to the previous close of Rs. 1565.95. The total number of shares traded during the day was 17243 in over 1241 trades.

The stock hit an intraday high of Rs. 1584.15 and intraday low of 1558.00. The net turnover during the day was Rs. 27098675.00.

Source : Equity Bulls

Keywords

HavellsIndia INE176B01034 CapacityExpansion Cables Manufacturing Alwar