Havells India to Expand Cable Manufacturing Capacity at Tumakuru Facility
Havells India Ltd has announced a significant expansion of its cable manufacturing capabilities at its facility located in the Vasanthnarasapura Industrial Area, Tumakuru, Karnataka. The company intends to increase its annual production capacity from 4,59,600 Kms to 7,34,640 Kms per annum.The expansion follows a previous phase of growth where the company successfully increased its capacity from 3,48,000 Kms per annum to 4,62,600 Kms per annum. As of the current reporting date, the company has partially completed that initial expansion, achieving an annual manufacturing capacity of 4,59,600 Kms at the Tumakuru site.
| Expansion Phase | Capacity (Kms per annum) | Investment Amount |
|---|---|---|
| Initial Reported Capacity | 3,48,000 | - |
| Current Achieved Capacity | 4,59,600 | Rs 285 Cr |
| New Target Capacity | 7,34,640 | INR 255 Crores (including pending capex) |
The company has earmarked an additional investment of approximately INR 255 Crores to facilitate this latest expansion. This funding will be sourced entirely through internal accruals.
Management expects the completion of the expansion work at the Tumakuru facility by December 2027. The project serves as a continuation of the company's strategy to scale its cable manufacturing operations.
HAVELLS Stock Price Movement
Havells India Limited shares today slipped by 0.88% to settle at ₹1,167.00. The stock saw a total trading volume of 1.43 million shares during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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