Rajasthan News

Havells investing Rs 50 cr in Rajasthan’s Neemrana plant

by RajasthanDirect
Oct 03, 2013

Havells India Limited, a leading FMCG and electrical company, is investing in a new home appliance facility at Neemrana, Rajasthan.

“We are investing Rs 50 crore at Neemrana facility to manufacture home appliances. To begin with it will be with gysers. The plant will be operational from February next year,” Havells associate director Y K Gupta said.

He was here to launch a range of products including, new air-fryer.

The company already has India’s first large scale lighting fixture plant at Neemrana and is now expanding into new products.

Home appliances business which stood at Rs 200 crore is projected to jump to Rs 500 crore by 2015, the company said.

The company’s domestic market accounted for Rs 7,248 crore while Rs 3,000 crore turnover came from overseas during the last fiscal.

src: http://economictimes.indiatimes.com/news/news-by-industry/cons-products/electronics/havells-pumps-rs-50-cr-in-rajasthan-aims-10-11-growth-in-fy14/articleshow/23465236.cms

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