Havells India has launched a world class range of MCBs and RCCBs under “EURO-II” series in Odisha market. With this launch, the company has added first made in India MCB/RCCB in its portfolio which is completely designed and developed by the R&D team of Havells in India. The new series not only provides protection against overload, short circuit and electric shock (earth leakage) but is also designed to be one of the most user friendly circuit breaker available in the county as per global specifications. The Havells Euro – II series has been developed keeping in mind the safety requirements of the new age customers, who use multiple appliances that often overloads the wiring systems.
The new range of MCB/RCCB is being manufactured at the company’s state of art plant at Baddi in Himachal Pradesh. With the launch of new series, Havells plans to capitalize on the expected recovery in the industrial/construction industry by raising the current production from 1 lakh poles per day to 1.5 lakh poles per day in next few years. The company has targets Rs 15 crore revenue from building circuit protection devices by end of FY 2017 in Odisha and to add 50 more dealer and distributors in Odisha by the end of FY 2015-16.
For the year ended March 31, 2015, on the consolidated basis, the company has posted a fall of 13.65% in its net profit after tax at Rs 385.42 crore as compared to Rs 446.33 crore for the same period in the previous year. However, total income of company has increased by 4.77% at Rs 8619.89 crore for year under review as compared to Rs 8227.05 crore for the period ended March 31, 2014.