Friday, 4 October 2013

Havells shines on plan to invest Rs 50 crore in new home appliance plant

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.

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