Havells India gains on planning to expand washing machine production capacity at Ghiloth
Havells India is currently trading at Rs 1496.50, up by 15.95 points or 1.08% from its previous closing of Rs 1480.55 on the BSE.
The scrip opened at Rs. 1496.35 and has touched a high and low of Rs 1497.00 and Rs 1485.50 respectively. So far 822 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 1 has touched a 52-week high of Rs 1782.75 on 13-Dec-2024 and a 52-week low of Rs 1360.05 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs 1512.50 and Rs 1471.80 respectively. The current market cap of the company is Rs 93608.67 crore.
The promoters holding in the company stood at 59.38%, while Institutions and Non-Institutions held 34.80% and 5.81% respectively.
Havells India is planning to expand the capacity for production of washing machines at Ghiloth. The company is planning to add a capacity of 1,50,000 units per annum and the proposed capacity is expected to be added by December 2026. The investment required for the capacity addition is around Rs 60 crore, which will be financed through internal accrual.
The company currently operating at a production capacity of 6,80,000 units per annum at a capacity utilization of 52% (Based on Production volume of H-1 FY 25-26).
Havells India is a leading FMEG company (Fast moving electrical goods) with presence across India. Its product range includes Industrial & Domestic Circuit Protection Switchgear, Cables& Wires, Motors, Fans, Power Capacitors, Luminaires for Domestic, Commercial & Industrial applications, Modular Switches etc.
