Stocks

Commercial start bodes well for Havells India

| Updated on March 29, 2019 Published on March 30, 2019

 

Havells India on Friday said it has started commercial production of air conditioners at its Ghiloth plant. The company has set up a new facility at Ghiloth, Rajasthan, to manufacture consumer durables at an estimated cost of ₹360 crore.

The total investment was funded through a mix of internal accruals and borrowings, the company had informed the exchanges earlier. Shareholders will closely monitor further developments on the production front.

Published on March 30, 2019
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