New Delhi: Electrical goods manufacturer Havells India said it will invest Rs 400 crore for increasing its capacities in the country, besides foraying into a new segment.
The company is entering the new segment of manufacturing electrical-motors and is augmenting its capacities in lighting and cables segment. It has earmarked a budget of around Rs 400 crore for the purpose and has already spent Rs 200 crore in current fiscal, Havells India Ltd Joint Managing Director Anil Gupta told PTI.
Havells is setting up a green-field plant in Rajasthan to manufacture electrical motors ranging from .25 horse power to 500 horse power. The company has already spent Rs 150 crore in the plant and will invest Rs 50 crore more in it, he said.
"Manufacturing Industries located in the region provide us excellent opportunity to sell electrical motors here and it also synergies with our products," he said.
The company has also purchased around 17 acres of land near its facility in Alwar to expand the manufacturing capacity of high tension cables and domestic cables.
The company is entering the new segment of manufacturing electrical-motors and is augmenting its capacities in lighting and cables segment. It has earmarked a budget of around Rs 400 crore for the purpose and has already spent Rs 200 crore in current fiscal, Havells India Ltd Joint Managing Director Anil Gupta told PTI.
Havells is setting up a green-field plant in Rajasthan to manufacture electrical motors ranging from .25 horse power to 500 horse power. The company has already spent Rs 150 crore in the plant and will invest Rs 50 crore more in it, he said.
"Manufacturing Industries located in the region provide us excellent opportunity to sell electrical motors here and it also synergies with our products," he said.
The company has also purchased around 17 acres of land near its facility in Alwar to expand the manufacturing capacity of high tension cables and domestic cables.
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