Havells India surges on securing LoC for fiscal incentives Uttar Pradesh GCC-2024 policy
Havells India is currently trading at Rs. 1112.50, up by 42.50 points or 3.97% from its previous closing of Rs. 1070.00 on the BSE.
The scrip opened at Rs. 1068.00 and has touched a high and low of Rs. 1,122.40 and Rs. 1047.65 respectively. So far 420985 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1514.60 on 09-Jan-2026 and a 52 week low of Rs. 1000.00 on 27-Oct-2026.
Last one week high and low of the scrip stood at Rs. 1,122.40 and Rs. 1,012.75 respectively. The current market cap of the company is Rs. 68382.26 crore.
The promoters holding in the company stood at 59.35%, while Institutions and Non-Institutions held 34.33% and 6.32% respectively.
Havells India has secured a Letter of Comfort (LoC) from Invest UP, Government of Uttar Pradesh for fiscal incentives under Uttar Pradesh Global Capability Centres Policy 2024 (GCC-2024 policy) for the company’s proposed Centre of Excellence (R&D centre). The company has proposed to invest Rs 879 crore for the R&D centre over the next few years.
The incentives under GCC-2024 policy include 25% of eligible capital investment, subject to maximum ceiling of Rs 25 crore per annum, in 7 equal annual instalments after commencement of commercial operations, and other OPEX, payroll, EPF, fresher recruitment, internship, skill development related subsidy, reimbursements and incentives.
