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Havells eyes Rs 2,400 cr rev from cable, wire biz

09 Dec 2010 Evaluate

Havells India expects to double the revenue from its cable and wire business to Rs 2,400 crore in the next three years as it expands the capacity of its existing plant. The company has invested Rs 120 crore in doubling the capacity of its cable and wire plant and plans revenue of Rs 1,800 crore from the segment by FY12.

However, it will take two-three years for full utilisation of the capacity. As part of the expansion, it has increased the plant area to 90 acres from 45 acres, besides modernising the existing units. The company has 11 facilities in India and six plants abroad. This is the only plant of the firm, which makes cable and wire for both domestic and overseas markets. With the increase in the capacity, the company is also expecting a significant growth from the overseas business. At present, exports contributes upto Rs 50 crore to the business.crackcrack

Havells India Share Price

1305.85 14.80 (1.15%)
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