Havells India to invest Rs 480 cr on new refrigerator manufacturing plant in Rajasthan

Havells India Ltd announced a Rs 480 crore investment to establish a refrigerator manufacturing facility in Ghiloth, Rajasthan. The plant, with a proposed capacity of 14 lakh units, is expected to be operational by the second quarter of FY27. The company aims to leverage backward integration and economies of scale through this investment, funded by internal accruals.