Havells India to Move Switchgears Manufacturing Unit to Sahibabad, India

MT Newswires Live

2024/11/04

Havells India (NSE:HAVELLS, BOM:517354) plans to move its switchgears production capacity from its current location in Faridabad, India to its existing facilities in Sahibabad, according to a filing to the stock exchanges on Monday.

The move is aimed at gaining from synergy and scale of the two units.

Shares of the company were up over 2% in recent trade.

Price (INR): ₹1849.70, Change: ₹+44, Percent Change: +2.45%

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