Havells India rises on unveiling Dual Mode Micro Inverter
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Havells India is currently trading at Rs. 1411.00, up by 18.05 points or 1.30% from its previous closing of Rs. 1392.95 on the BSE.
The scrip opened at Rs. 1386.00 and has touched a high and low of Rs. 1425.35 and Rs. 1386.00 respectively. So far 11862 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1466.00 on 11-Sep-2023 and a 52 week low of Rs. 1092.00 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 1425.35 and Rs. 1368.35 respectively. The current market cap of the company is Rs. 88423.75 crore.
The promoters holding in the company stood at 59.43%, while Institutions and Non-Institutions held 33.57% and 6.99% respectively.
Havells India has unveiled its revolutionary product - the Dual Mode Micro Inverter (DMMI), backed by four US patents. This innovation is set to transform the solar power industry by addressing key limitations associated with traditional inverters and microinverters. DMMI is equipped with an MPPT-based Solar Charge Controller, which efficiently converts DC current from solar panels into AC current. It is available in two models, DMMI-800 and DMMI-1600, these inverters can seamlessly transition between ON-Grid and Off-Grid modes, catering to various grid scenarios. Both DMMI models are compatible with all types of solar module technologies.
Traditional solar inverters and microinverters are highly dependent on a reference grid voltage. In the event of a power cut, they become non-operational, resulting in the wastage of precious solar energy during daylight hours. Havells has addressed this issue with its patented Dual Mode Micro Inverter (DMMI). The new product is a game-changer in the world of solar energy. It functions both as an ON-Grid inverter, supplying power directly to loads and exporting excess energy to the grid, and as an Off-Grid inverter, supporting connected loads without exporting power to the grid. In Off-Grid mode, DMMI ensures anti-islanding, preventing any power export to the grid and enabling power consumption by connected loads only.
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.
