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Havells India to Expand Cable Manufacturing Capacity at Alwar Plant

16 July 20243 mins read by Angel One
Havells India Ltd. plans to increase its cable manufacturing capacity in Alwar from 32.90 lakh kms/year to 41.20 lakh kms/year by March 2026, investing Rs 375 crore internally.
Havells India to Expand Cable Manufacturing Capacity at Alwar Plant
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Havells India Limited is a leading Fast Moving Electrical Goods (FMEG) Company and a major power distribution equipment manufacturer with a strong global presence.

It enjoys enviable market dominance across a wide spectrum of products, including Industrial & Domestic Circuit Protection Devices, Cables & Wires, Motors, Fans, Modular Switches, Home Appliances, Air Conditioners, Electric Water Heaters, Power Capacitors, Luminaires for Domestic, Commercial and Industrial Applications.

Havells India’s Cable Manufacturing Expansion in Alwar

Havells India Ltd. has announced plans to enhance its cable manufacturing capacity from the current 32.90 lakh kms per year to 41.20 lakh kms per year, as detailed in a recent BSE exchange filing. The expansion, expected to be completed by March 2026 in phases, aims to meet rising demand requirements. With an existing capacity utilization of approximately 70%, Havells will invest Rs 375 crore into this project, funded through internal accruals. This strategic move underscores Havells’ commitment to bolstering its infrastructure to cater to the growing market need for quality cables.

Havells India Partners with Jumbo Group for Kitchen Appliances Expansion

In another strategic development from the company, Havells India has formed a partnership with Jumbo Group, a prominent distributor in the UAE specializing in consumer electronics and technology products. This collaboration marks Havells’ entry into the kitchen appliances segment in the UAE market. Initially launching premier products such as mixer grinders through Jumbo’s e-commerce platform, followed by retail store distribution, Havells aims to capitalize on the region’s demand for high-quality kitchen appliances.

Conclusion: Havells India’s planned expansion of its cable manufacturing capacity in Alwar, from 32.90 lakh kms per year to 41.20 lakh kms per year by March 2026, underscores the company’s commitment to meeting increasing market demand. The Rs 375 crore investment, funded through internal accruals, reflects Havells’ strategic approach to bolstering its production capabilities and maintaining its competitive edge in the industry. The stock of Havells India Ltd. currently trades flat at Rs.1,018 per share.

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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