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Havells India Limited,one of the leading cable and wire,electrical and power equipment manufacturing companies in India,has doubled the manufacturing capacity of its cable & wire segment at Alwar plant in Rajasthan.
The plant,which is one of the most modern cable manufacturing plants in the country has increased its manufacturing capacity from Rs 1200 crore per annum to Rs 2400 crore per annum. Havells has invested around Rs 120 crore to modernize and expand the capacity of the plant. As part of the expansion,the total plant area has been increased to 90 acres from 45 acres.
Sunil Sikka,President,Havells India Ltd.,said,This expansion is in line with the demand that the market is witnessing both domestic and international markets,especially in the cable and wire segment.”
Expecting growth in its cable and wire business segment,the company is targeting average net revenue of Rs 1800 crore in FY2012. With this expansion the company is also looking at a significant growth in its export market.
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