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News Topical, Digital Desk : Havells India Ltd informed after market close on Friday that Havells India will invest Rs 340 crore to further increase the cable capacity at the Alwar plant. The total cable capacity of the Alwar plant will be 41.45 lakh km. The company said that the proposed capacity was expected to be operational by March 2026. The company said in a statement to the exchange, "The company has now decided to increase its annual manufacturing capacity of cables at Alwar location by 0.25 lakh km with an additional investment of Rs 340 crore. After this, the total annual capacity of cables in Alwar will be 41.45 lakh km."
The company said, "The additional capacity addition and capital expenditure is aimed at meeting the growing demand for cables and improving operation efficiency through backward integration and process improvements. The additional investment is proposed to be funded from internal sources and the increased capacity expansion is expected to be operational by September 2026."
Share performance On Friday, the company's stock closed at Rs 1,575 with a gain of 0.58 per cent. In the last one year, the company's stock has seen a decline of 14.98 per cent. The 52-week high of the stock is Rs 2,104.95.
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