According to latest reports, Havells India Ltd has approved an additional ₹255 crore investment to scale up its cable manufacturing facility in Tumakuru, Karnataka, bringing the total expansion cost to ₹540 crore. The company plans to increase the annual cable manufacturing capacity from the current 4,59,600 km per annum to 7,34,640 km per annum, representing an expansion of approximately 59.84%. This debt-free project is expected to be completed by December 2027 and will be funded through internal accruals, as reported by multiple sources.
As reported by CNBC TV18, as of the reporting date, the company has partially completed the expansion and achieved an annual manufacturing capacity of 4,59,600 km at the facility. The company has already invested ₹285 crore in this phase out of the previously announced investment of ₹450 crore. This represents a significant portion of the total planned investment, indicating substantial progress in the expansion project and demonstrating the company's superior operational cash flow generation capabilities.
According to CNBC TV18, last week, Havells India announced its entry into the battery energy storage systems (BESS) segment through a strategic collaboration with Norway-based energy storage technology company Pixii AS. The partnership focuses on developing and introducing advanced battery energy storage systems for the Indian market, targeting customers across small-scale, commercial and industrial segments. The collaboration combines Havells' manufacturing capabilities, sales and distribution network with Pixii's energy storage technology to offer modular battery energy storage solutions.
As reported by CNBC TV18, shares of Havells India Ltd ended at ₹1,168.00, down by ₹9.50, or 0.81%, on the BSE. The stock movement occurred on the day of the capacity expansion announcement, reflecting investor reaction to the company's expansion plans and strategic partnership developments. The company has scheduled a board meeting on July 17, 2026 to approve its financial results for the first quarter ended June 30, 2026, as reported by multiple sources.
