Havells India has started commercial production in its plant at Mouza – Modartola, Kamrup (Rural) district in Assam. The production started on March 20.
Recently, the company approved the issue of Commercial Paper to Yes Bank for an amount of Rs 150 crore.
The tenor of the issue is 88 days, with date of allotment on March 20, 2017, while date of maturity is June 16, 2017.
Havells India is one of the leading Fast Moving Electrical Goods (FMEG) manufacturers in India, producing a wide range of world class industrial and consumer electrical products.
According to the company, it works in step with the Make in India initiative and has an extensive production and distribution network across India and the world.