HPL Electric hits fresh high on bagging orders worth Rs 903 crore

4 Jul 2023 , 12:42 PM

HPL Electric & Power Limited announced that it received orders worth Rs 903 crore for smart meters. The receipt of these orders strengthens HPL’s total order book, taking it to over Rs 2,250 crore as on the date of announcement.

Following this development, HPL Electric’s counter surged to hit a new 52-week high of Rs 153.45.

At around 12.32 PM, HPL Electric was trading 15.49% higher at Rs 149.50, against the previous close of Rs 129.45 on NSE.

These significant smart meter orders demonstrate HPL Electric & Power Ltd.’s commitment to innovation and solidify the company’s role in India’s mass smart-meter adoption. The company’s commitment to R&D enables the delivery of technologically complex solutions tailored specifically to the Indian market.

HPL Electric & Power Ltd. has developed smart meters that stand out for their precise measurements and advanced functionalities, including real-time remote data monitoring. These smart meters empower both consumers and utilities to optimize energy consumption, leading to a more environmentally friendly and sustainable future.

The company’s wide range of smart metering solutions, along with its efficient after-sales service network, has received considerable acclaim within the industry.

HPL Electric & Power solidifies its leadership position in the smart metering segment with this latest achievement.

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