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30-Aug2016

CARE assigns Solar Energy Grading of 'SP1A' to Havells India

Credit rating agency, CARE has assigned a 'SP1A' grading to Havells India upon its request for assigning Solar Energy Grading (Solar Integrator (PV)) under the Ministry of New and Renewable Energy (MNRE) scheme for accreditation of Channel Partners. The Solar Energy Grading, valid till August 26, 2018, indicates highest performance capability and highest financial strength of the graded entity.

Havells India is engaged in manufacturing and marketing of electrical and power equipments. The company had reported 36.27% rise in its net profit at Rs 145.58 crore for the first quarter ended June 30, 2016 as compared to Rs 106.83 crore for the same quarter in the previous year.




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