Havells rises on launching its first indigenous MCB and RCCB- Euro II series

02 Feb 2016

Havells India is currently trading at Rs. 308.25, up by 4.55 points or 1.50% from its previous closing of Rs. 303.70 on the BSE.

The scrip opened at Rs. 305.05 and has touched a high and low of Rs. 310.50 and Rs. 303.85 respectively. So far 85157 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 321.90 on 01-Jan-2016 and a 52 week low of Rs. 235.60 on 09-Nov-2015.

Last one week high and low of the scrip stood at Rs. 310.50 and Rs. 291.30 respectively. The current market cap of the company is Rs. 19309.13 crore.

The promoters holding in the company stood at 61.63% while Institutions and Non-Institutions held 29.24% and 9.12% respectively.

Havells India, a leading Fast Moving Electrical Goods (FMEG) Company with a strong national presence, has launched its first Made-in-India MCBs and RCCBs under ‘EURO-II’ series in Uttar Pradesh. These are the company's first MCBs and RCCBs that are designed, developed and manufactured in-house conforming to international standards. The state is one of the very important markets for the company and contributes around 13% to the overall revenues of the company. Currently, the company has presence in all 232 towns in the state and is focusing to expand its channel network from 550 to over 1000 in next 2-3 years.

Havells is a unique company in the industry to manufacture over 90% of its products in-house. The new range of MCB/RCCB is being manufactured at the company's state of the art plant in Baddi, 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.

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