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L.N. Revathy

Coimbatore , Aug. 5

THE E2E solution provider, Havell's India Ltd, in the Power Distribution Equipment (PDE) space is targeting an export turnover of Rs 60 crore in the current fiscal.

The company is confident of achieving this target, particularly in the light of the recent developments.

Havell's recently bagged an export order for supply of electrical Distribution Boards (DBs), fitted with Miniature Circuit Breakers (MCBs) and Isolators to Iraq under the "Oil for Food" program sponsored by United Nations. The order was worth Rs 6.5 crore. The company managed to execute the order by supplying over 10 lakh MCBs. Commenting on this order, the Director of Havell's India Ltd, Mr Anil Gupta, said: "the company executed the order in 10 days' time from the date of intimation, reflecting its inherent strength in flexible manufacturing and operational efficiencies.

The company has already established its presence in Malaysia, Bangladesh, Sri Lanka, Dubai, Africa, Iran, Singapore and Iraq. In India, it has eight manufacturing units, he added.

The company's export turnover touched a high of Rs 16 crore in the last fiscal. "We are targeting Rs 60 crore during the current fiscal," he said and added that they hoped to achieve 10 per cent of the Group's turnover target from exports alone.

Started off in the late 1950s as a trading company, Havell's, the flagship company of QRG Enterprises has over the decades recorded phenomenal growth rate with the help of various joint ventures, acquisitions, mergers and takeovers to emerge as an E2E solution provider in the PDE space.

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