Home » Tag Archives: Havells India

Tag Archives: Havells India

LED makers cashing in on opportunity given by govt LED bulb scheme

LED makers cashing in on opportunity given by govt LED bulb scheme

By BizLED Bureau June 30, 2015: LED lighting manufacturers of India are trying to cash in on the opportunity that will arise from the Narendra Modi government scheme to distribute two LED bulbs at the cost of Rs 10. This scheme will not only phase out inefficient incandescent bulb, tubes and halogen lamps,but also boost LED lighting applications across the ...

Read More »

Havells to acquire 51% stake in Promptec

Havells to acquire 51% stake in Promptec

By BizLED Bureau April 21, 2015: Electrical consumer products manufacturer, Havells India Ltd, is set to acquire 51% stake in Promptec Renewable Energy Solutions, an LED and solar lighting products manufacturer. The deal was made at Rs 650 million ($10.3 million). The agreement is a combination of primary and secondary deals in which existing investors like Blume Ventures and other ...

Read More »

Growth in LED reduces profit of traditional lighting players in India

Growth in LED reduces profit of traditional lighting players in India

January 29, 2015: With LED applications increasing significantly in India, it is impacting businesses of companies who are into CFL and florescent lights. Leading lighting player and electrical goods maker Havells India has reported 4% decline in standalone net profit, with the third quarter closing at Rs 116.21 crore while sales rose by 5% to Rs 1,236 crore. On the ...

Read More »