News: Havells has announced that it will be setting up a cable manufacturing in Vasanthanarasapura Industrial Area, Karnataka.
View: Havells was alloted land by Karnataka Industrial Areas Development Board in 2016 at Vasanthanarasapura Industrial Area, Karnataka. The company has now decided to set up a cable manufacturing unit at the said plant for a proposed annual capacity of 3,48,000 km. The estimated investment required is Rs 300 crore excluding the value of the land and will be financed through internal accruals of the company. The production at this unit is expected to begin by March 2024. The capacity addition for this cable manufacturing unit is in addition to the company's existing manufacturing facility at Alwar, Rajasthan.
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