HPL Electric & Power Wins Major Meter Supply Order

13 Sep 2024 , 10:56 AM

HPL Electric & Power Ltd. has announced a new order for the supply of smart and conventional meters, as detailed in their letter of award (LoA) or work orders.

The company has not yet disclosed specifics regarding the timeline or location of the order. On July 11, HPL Electric & Power revealed it had received a ₹2,000.71 Crore Letter of Award for smart meters from its major clients.

At the time of writing, shares of HPL Electric & Power Ltd are trading at ₹605.30 which is a 1.03% gain than the previous close. HPL Electric & Power Ltd has gained a total of 165% in the last one year, and almost 121% since the beginning of the year.

HPL Electric & Power Ltd. is a prominent Indian manufacturer in the electrical sector, specializing in Metering Solutions, Switchgears, LED Lighting, Wires & Cables, Solar Solutions, and Modular Switches.

With over four decades of industry experience, HPL Electric is known for its integrated manufacturing capabilities, including product design, component creation, and tool production.

The company holds a leading market share in electronic energy meters in India, with its products meeting both Indian and international standards like ISI, CE, and KEMA.