Havells India trades higher on getting nod to invest in Goldi Solar
Havells India is currently trading at Rs. 1566.00, up by 34.10 points or 2.23% from its previous closing of Rs. 1531.90 on the BSE.
The scrip opened at Rs. 1530.60 and has touched a high and low of Rs. 1566.40 and Rs. 1499.20 respectively. So far 85672 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2104.95 on 23-Sep-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. 1571.00 and Rs. 1360.05 respectively. The current market cap of the company is Rs. 98072.50 crore.
The promoters holding in the company stood at 59.41%, while Institutions and Non-Institutions held 35.02% and 5.57% respectively.
Havells India has received approval for investment of Rs 600 crore in Goldi Solar, headquartered in Surat, Gujarat, engaged mainly in the business of manufacturing and supply of solar modules and invertors. The board of directors of the company in its Meeting held on April 14, 2025, has approve the same.
The company already has presence in solar ecosystem through sale of modules, invertors, solar cables and DC switchgears. This is a strategic minority investment to ensure consistent supply of critical solar components like solar modules and cells. As part of conditions precedent to the transaction, the company plans to enter into a master supply and service agreement with Goldi for consistent supply of solar modules and cells.
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.
