New Delhi/Neemrana, September 14, 2015: Havells India Limited, a $1.4 billion leading fast moving electrical goods (FMEG) company with a strong global footprint, unveiled the world's most modern electric water heaters plant at Neemrana, Rajasthan. The plant was inaugurated by Smt Vasundhara Raje, Chief Minister of Rajasthan along with Mr Anil Rai Gupta, CMD, Havells India Ltd in the presence of Shri Mahant Chand Nath, MP from Alwar, MLAs from the region and other distinguished guests including senior company officials.

Havells water heater plant would be part of the 40 acre Havells Neemrana complex and is the company's first manufacturing facility in home appliances segment. With this addition, the company would now have twelve manufacturing units in India. The company has invested Rs.100 crore to set the plant apart from land and building. The water heater plant is designed to have minimal manual intervention while significantly enhancing productivity.

The company will manufacture storage water heaters with a capacity ranging from 10 to 120 ltrs. The plant has a manufacturing capacity of 5,00,000 units per annum and will initially manufacture 3,00,000 units per annum. With the new plant, the company will be manufacturing the entire range of water heaters and cut its dependence on imports. The plant is in line with the company's policy of manufacturing its products in-house.

The plant is equipped with the latest and best-in-class machines from Switzerland, Japan and Italy, offering the best quality and wide range of electric water heaters to consumers. The state-of-the-art plant offers unique ability to manufacture most of the critical components in-house, adhering to stringent quality norms. The environment friendly and zero discharge plant is also equipped with one-of-its-kind R&D lab that conducts routine and type testing for highly safe and long lasting water heaters.

It is the only plant in the country to use world's latest FeroGlas dry powder technology that converts into uniform glass line coating once baked at high temperature of 850?C. This prevents the tank from corrosion, offering long life even in hard water conditions. Similarly, heating elements are made of the best quality of steel - incoloy 800 grade that are also glass lined to endure any water condition. High on safety, Havells was the first company in the country to offer ELCB (earth leakage circuit breaker) as a standard fitment in select range of water heaters. ELCB prevents human life from electric shocks in case of current leakage that could sometimes prove fatal especially in wet conditions. Every storage water heater from Havells is rated at 8 bar pressure making it compatible with high rise buildings requirements.

Speaking on the occasion, Mr Anil Rai Gupta, Chairman and Managing Director, Havells India Limited, said, "This is a momentous moment for us as we synergise environment and cutting edge technology to unveil our twelfth manufacturing plant. This plant is part of our commitment to 'Make in India' program, which we have been following since the launch of our first plant in 1976. Today, we manufacture almost 95% of our products in-house."

The current market size of electric water heater in India is estimated to be Rs 1500 crore per annum which is expected to grow around 10-12% in the coming years. With the launch of new plant, the company is looking to enhance its market share in electric water heaters segment from 10% to 21% with revenues of around Rs 400 crore in the next 2-3 years.