Havells India Limited — Important, 19-11-2024: Capacity addition

Havells India Limited is moving forward with plans to establish a new facility for manufacturing refrigerators in Ghiloth, Rajasthan. The proposed capacity addition will be 14,00,000 units, with an expected completion timeline set for Q2 FY27. This initiative will require an investment of approximately INR 480 Cr, which will be financed through internal accruals. The decision is aimed at enhancing backward integration and achieving economies of scale. This development could potentially strengthen Havells' market position and lead to positive growth in their refrigerator segment. Stakeholders should watch this space for further updates.