Live news , top stories, corporate news, company news, sector news, economy news, results analysis news, ceo interviews, fund manager interview, advisor interview, market news, bazaar talk, hot stocks news, ipo news, commodities news, mutual fund news, insurance news, news wire
21 March, 2018 12:20 IST
Havells India inks MoU with Hyundai Electric & Energy Systems
Source: IRIS | 14 Nov, 2017, 10.47AM
Comments  |  Post Comment

Havells India has inked a Memorandum of Understanding (MoU) with Korea based Hyundai Electric & Energy Systems Co. to mutually explore and supply low and medium voltage protection and switching devices.

Under the agreement, Hyundai Electric will supply low and medium voltage protection and switching devices to Havells as Brand labeling. Hyundai Electric will also grant manufacturing license and technology transfer for low‐capacity Magnetic Contactors (MC) and Molded Case Circuit Breakers (MCCBs) to Havells. Havells will supply equipment such as Miniature Circuit Breakers (MCBs) & Magnetic Contactors (MC) to Hyundai Electric. Both companies will cooperate for localization and customization of products.

Rajiv Goel, Executive Director, Havells India, (Q,N,C,F)* said, ''The MoU will be a win‐win proposition for both Havells and Hyundai Electric. It also establishes Havells and India as a quality manufacturing base for global procurement.''

Shares of the company declined Rs 4.1, or 0.8%, to trade at Rs 511.35. The total volume of shares traded was 21,171 at the BSE (10.36 a.m., Tuesday).

Comments Post comment 
 Post Comment
Name Email
Security Code type    into this box
Company Update
Ashok Leyland bags orders for 2100 Buses from Institute of Road Transport, Tamil Nadu - 21-Mar-2018 10:17
Suzlon designs and produces India's longest wind turbine blade of 63 meters - 21-Mar-2018 10:11
Mphasis partners with Plug and Play - 21-Mar-2018 09:55
Force Motors signs JV agreement with MTU Friedrichshafen GmbH - 21-Mar-2018 09:48
TCS partners with Saudi Real Estate Refinance Company - 21-Mar-2018 09:44
GE Power India bags contract worth Rs 3.09 bn - 21-Mar-2018 09:40
Alembic Pharm intimates of USFDA inspection of facility at Panelav - 21-Mar-2018 09:37
Mahindra & Mahindra partners with Standard Chartered - 20-Mar-2018 12:36
BHEL commissions 1st unit of Kishanganga hydro-electric project - 20-Mar-2018 10:12
Suzlon wins two projects of 300 MW and 200 MW each under SECI bid - 20-Mar-2018 10:08
Granules India receives approval for Metformin ER tablets - 20-Mar-2018 10:05
Home  |   Shares  |   F&O  |   Mutual Funds  |   Loans  |   Insurance  |   News Centre
Wealth Tracker  |   Newsletters  |   Tax Corner  |   NRI Centre  |   Advertise
© All rights reserved. IRIS Business Services Limited
A Disclaimer