Havells India has announced a further expansion of its cable manufacturing capacity at the Tumakuru, Karnataka facility. The company will increase capacity from the current 4,59,600 Kms to 7,34,640 Kms per annum. This phase involves an additional investment of approximately INR 255 Crores, bringing the total investment to fund the expansion. The project is expected to be completed by December 2027 and will be funded through internal accruals.
Havells India Expands Tumakuru Operations
Havells India has officially announced plans for a significant expansion of its cable manufacturing operations at the Vasanthnarasapura Industrial Area, Tumakuru, Karnataka. This announcement builds upon a previous intimation from 3rd September 2024, which detailed an increase in capacity from 3,48,000 Kms per annum to 4,62,600 Kms per annum. The company has partially completed this earlier phase and has already achieved an annual manufacturing capacity of 4,59,600 Kms, with an investment of Rs 285 Cr to date out of the initially planned Rs 450 Cr.
Further Capacity Enhancement and Investment
The company has now decided to undertake a further expansion at the same Tumakuru facility. The objective is to increase the cable manufacturing capacity from the current 4,59,600 Kms per annum to a new target of 7,34,640 Kms per annum. This new phase will involve an additional investment of approximately INR 255 Crores. This figure also includes the pending capital expenditure from the previous phase. The total investment dedicated to the expansion at Tumakuru is set to be substantial.
Project Timeline and Funding
The expanded facility at Tumakuru is anticipated to be fully operational by December 2027. All the necessary investment for this expansion will be sourced entirely through the company’s internal accruals. This strategic move underscores Havells India’s commitment to enhancing its production capabilities and meeting growing market demands in the cable manufacturing sector.
Source: BSE
