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Havells India to invest Rs 50 crore in new home appliance plant at Neemrana

04 Oct 2013 Evaluate

Havells India is planning to invest Rs 50 crore in a new home appliance plant at Neemrana in Rajasthan. The facility will be operational from February next year. The company already has India’s first large scale lighting fixture plant at Neemrana and is now expanding into new products.

The company garners revenue of around Rs 7,248 crore from domestic market, while Rs 3,000 crore turnover came from overseas market during the last fiscal.

Havells India is engaged in selling products in Kerala for several years and the business has shown an upward trend in terms of turnover in a short span of time. It has 10 manufacturing facilities in India in various states, including Himachal Pradesh, Uttar Pradesh and Rajasthan.

 

Peers
Company Name CMP
Waaree Energies 2490.50
Apar Industries 16909.30
Havells India 1117.50
Suzlon Energy 41.20
Siemens 3660.20
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