Havells India gains on unveiling world’s most modern electric water heater plant in Rajasthan

14 Sep 2015

Havells India is currently trading at Rs. 261.65, up by 2.85 points or 1.10% from its previous closing of Rs. 258.80 on the BSE.

The scrip opened at Rs. 259.50 and has touched a high and low of Rs. 262.35 and Rs. 259.50 respectively. So far 19,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 346.15 on 10-Dec-2014 and a 52 week low of Rs. 239.95 on 09-Feb-2015.

Last one week high and low of the scrip stood at Rs. 268.30 and Rs. 255.00 respectively. The current market cap of the company is Rs. 16,342.00 crore.

The promoters holding in the company stood at 61.63% while Institutions and Non-Institutions held 28.74% and 9.63% respectively.

Havells India, a $1.4 billion leading Fast Moving Electrical Goods (FMEG) Company with a strong global footprint, has unveiled world’s most modern electric water heaters plant at Neemrana, Rajasthan. The plant was inaugurated by Chief Minister of Rajasthan. The water heater plant would be part of the 40 acre Havells Neemrana complex and is company’s first manufacturing facility in home appliances segment.

With this addition, the company would now have twelve manufacturing units in India. The company has invested Rs 100 crore to set the plant apart from land and building. The company will manufacture storage water heaters with a capacity ranging from 10 to 120 liters. The plant has a manufacturing capacity of 500,000 units per annum and will initially manufacture 300,000 units per annum.

Havells India is a leading FMEG Company with a strong global footprint. It enjoys enviable market dominance across a wide spectrum of products, including Industrial & Domestic Circuit Protection Devices, Cables & Wires, Motors, Pumps, Fans, Modular Switches, Home Appliances, Electric Water Heaters, Power Capacitors, CFL Lamps etc.

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