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Havells India will be expanding its existing manufacturing capacity of cables from 32.90 lakh kms per year to a proposed capacity addition of 41.20 lakh kms per year. Its existing capacity utilisation is around 70%.
The proposed capacity is to be added by March 2026 in phased manner with an investment of approximately Rs 375 crore with internal accruals.
This capacity expansion, of around 25%, is being carried out to cater the increased demand.
Havells India is a leading fast moving electrical goods (FMEG) company and a major power distribution equipment manufacturer with a strong global presence.
The company reported 24.09% rise in standalone net profit to Rs 448.86 crore on 12.06% increase in net revenue to Rs 5,434.34 crore in Q4 FY24 over Q4 FY23.
Shares of Havells India added 0.26% to Rs 1,925.30 on the BSE.
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