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Havells deepens its Southern Connect

Posted On: 2019-06-26 17:57:39

Havells India Limited, leading Fast Moving Electrical Goods (FMEG) and Consumer Durables Company, today offered EURO-II range of technologically advanced MCBs and RCCBs with enhanced features and first time ever warranty of 'Six Years'.

The range has been completely designed and developed at its R&D center in Noida as per global specifications. EURO-II series of MCBs & RCCBs come with nickel plated terminals to give a high resistance from corrosion and are made of flameretardant material. It comes with all new features like improved bi-stable clip, line load reversibility coupled with dual certification for both, domestic and industrial applications. These MCBs & RCCBs are completely made of made of toxic-free material.

New age consumers are fast adopting new technology, embracing more and more gadgets thereby increasing load on electric sockets. However, the wiring or the load in the house remains the same as before. The new range of Havells MCB devices are designed keeping in mind user safety, threat of any current leakage, and shortcircuit overload. The extended warranty of additional five years would be valid when the MCB / RCCB devices are used along with advanced range of Havells Distribution Boards only, which comply with all safety standards.

Speaking at the occasion, Mr. Vivek Yadav, Sr. Vice President, Building Segment, Havells India Limited said, "Performance, high-quality and user-friendliness have been the hallmark of our products and new range is no different. Kerala is a market where the discerning customer is conscious about safety and would use technologically advanced product once convinced of its utility. We are confident that our new range of superior MCBs & RCCBs with extended warranty, will also be appreciated by our customers."

"We are leaders in the domestic switchgear segment in the country and the new range will further cement our leadership position in this segment and will provide the customer with a complete solution for its electrical needs. We will continue to comeup with innovative quality products and set new industry benchmarks." he added further.

The new range of MCBs & RCCBs are manufactured at the company's state-of-theart plant in Baddi, Himachal Pradesh. With a vision to achieve target of Rs 1,000 crore over next three years, the company has enhanced its manufacturing capacities to approx. 6 million poles per month.

Havells offers the most comprehensive range of RCCB, MCB, SPD & Distribution boards to cater to varied needs of circuit protection for New India. India's organized domestic switchgear market is estimated to be Rs 2200 crore rupees per annum. Havells continues to retain its No.1 position in the category with about 27% market share.

Shares of HAVELLS INDIA LTD. was last trading in BSE at Rs.788.25 as compared to the previous close of Rs. 783.85. The total number of shares traded during the day was 24345 in over 831 trades.

The stock hit an intraday high of Rs. 795.8 and intraday low of 779. The net turnover during the day was Rs. 19230449.


Source: Equity Bulls

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