Havells India soars on launching energy efficient ‘Heat pump water heaters’

Havells India is currently trading at Rs. 1310.95, up by 16.40 points or 1.27% from its previous closing of Rs. 1294.55 on the BSE.

The scrip opened at Rs. 1307.75 and has touched a high and low of Rs. 1312.00 and Rs. 1292.50 respectively. So far 17026 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1471.75 on 11-Jan-2024 and a 52 week low of Rs. 1128.10 on 29-Mar-2023.

Last one week high and low of the scrip stood at Rs. 1322.85 and Rs. 1287.35 respectively. The current market cap of the company is Rs. 81936.81 crore.

The promoters holding in the company stood at 59.43%, while Institutions and Non-Institutions held 34.07% and 6.50% respectively.

Havells India has introduced its latest innovation with the launch of first time Made in India Heat Pump Water heater. Tailored to meet the demands of residential applications, this cutting-edge technology offers up to 75% energy savings, setting new standards in water heating. Designed with a specific focus on addressing concerns about energy wastage and the adequacy of hot water, the revolutionary Havells Heat Pump offers a solution that allows a seamless bathing experience, while consuming only one fourth energy cost compared to conventional water heaters.

The Havells Heat Pump is ultimate solution for uninterrupted access to hot water at temperatures of up to 75 degree Celsius and can give a water yield upto 129 litres. This state-of-the-art compressor ensures high efficiency and low noise. With its internal mechanism, the device offers precise control for quick heating and energy savings. The innovative microchannel heat exchanger design enhances energy efficiency. A digital controller allows easy temperature adjustments and timer settings. Moreover, the wire controller comes with an easy operation screen, which makes it easy to install. The water heater also features a Feroglas -coated container designed for hard water areas with a capacity to handle high working pressures (0.8 MPa). Additionally, it includes a multi-function safety valve to prevent pressure build-up and a heavy-duty magnesium anode rod with a steel core for rust and corrosion protection, ensuring tank durability.

Havells India is a leading FMEG company (Fast moving electrical goods) with presence across India. Its product range includes Industrial & Domestic Circuit Protection Switchgear, Cables& Wires, Motors, Fans, Power Capacitors, Luminaires for Domestic, Commercial & Industrial applications, Modular Switches etc.