Inflame Appliances Ltd had earlier announced indicating the discussion in progress with 2-3 new customers for supply of kitchen appliances as well introduction of OTGs (Oven Toaster Grills).
In line with this, the company has been approved as a supplier and entered into an understanding with Havells for the supply of Chimneys and OTGs. The models have also been finalised and we expect business to commence from October 2023.
The approval by Havells further confirms our capabilities in the Indian market and continues to cement our position as a leading quality supplier and manufacturer of kitchen appliances in India, and becoming the partner of choice for leading brands in our focus category, furthering the nation's "Made in India" objective.
With our Hyderabad facility now operational, we will have a combined capacity across our Hyderabad and Panchkula units to manufacture 600,00 unites of Chimneys, 120,000 units of Hobs and 300,000 units of Gas stoves, which makes us the largest outsourced manufacturer in India for kitchen appliances with the widest product range. A facility in North India and now South India enables us to service customers more efficiently.
Shares of Inflame Appliances Ltd was last trading in BSE at Rs. 623.45 as compared to the previous close of Rs. 624.90. The total number of shares traded during the day was 6000 in over 18 trades.
The stock hit an intraday high of Rs. 627.40 and intraday low of 613.80. The net turnover during the day was Rs. 3736387.00.