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Havells: Expansion of AC Manufacturing Capacity at Ghiloth and Sricity with Rs 50–60 Crore Investment

21 June 20243 mins read by Angel One
Havells India Limited has announced that it is set to expand its air conditioner manufacturing capacities with an investment of Rs.50-60 crores.
Havells: Expansion of AC Manufacturing Capacity at Ghiloth and Sricity with Rs 50–60 Crore Investment
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Havells India Limited is an Indian multinational electrical equipment company, based in Noida. The company manufactures home appliances, lighting for domestic, commercial, and industrial applications, LED lighting, fans, modular switches industrial and domestic cables and wires, induction motors, etc. Havells owns brands like Havells, Lloyd, Crabtree, Standard Electric, Reo, and Promptec. The company has a Market Capitalization of more than Rs.1.15 Lakh crores.

Havells to expand Air-Conditioner Manufacturing capacity

Home appliances manufacturer Havells has announced plans to invest Rs 50-60 crore to enhance its air conditioner manufacturing capabilities at its Ghiloth and Sricity locations. The expansion aims to increase the production capacity at each site to 15 lakh units annually. Currently, the Ghiloth plant in Rajasthan produces 9 lakh units per year, while the Sricity plant in Tamil Nadu has a capacity of 11.2 lakh units per year. This strategic investment underscores Havells’ commitment to scaling its production capabilities to meet growing market demands. The company informed stock exchanges of this development on June 13.

Havells recent investment

Havells India has been significantly expanding its manufacturing capacity across various categories to leverage in-house production. Over the last five years, the company has invested more than Rs 2,100 crore in capital expenditure, focusing on its electrical goods portfolio and the Lloyd brand. A notable development is the establishment of the Sricity plant, which has been designed to manage a production capacity of 1 million air conditioning units annually.

Conclusion: Havells India’s investment in expanding its air conditioner manufacturing capacities at Ghiloth and Sricity reflects its strategic focus on scaling operations to meet increasing consumer demand. By boosting production to 15 lakh units annually at each location, Havells aims to strengthen its market presence and ensure a steady supply of air conditioners. This move also highlights the company’s commitment to growth and innovation in the home appliances sector. The stock of Havells India currently trades at Rs.1840.50 a piece and it has made an intraday high of Rs.1873.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

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