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07-04-2023 02:52 PM | Source: Accord Fintech
HPL Electric & Power zooms on receiving Rs 903 crore Smart Meter orders
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HPL Electric & Power is currently trading at Rs. 148.75, up by 19.25 points or 14.86% from its previous closing of Rs. 129.50 on the BSE.

The scrip opened at Rs. 128.95 and has touched a high and low of Rs. 153.20 and Rs. 128.95 respectively. So far 320900 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 153.20 on 04-July-2023 and a 52 week low of Rs. 56.75 on 04-Jul-2022.

Last one week high and low of the scrip stood at Rs. 153.20 and Rs. 127.60 respectively. The current market cap of the company is Rs. 963.22 crore.

The promoters holding in the company stood at 72.66%, while Institutions and Non-Institutions held 0.33% and 27.01% respectively.

HPL Electric & Power (HPL) has received Rs 903 crore (inclusive of Tax) Smart Meter orders. These orders further bolsters HPL's total pending pipeline order book, now totaling Rs 2250 plus crore as of July 4, 2023. These significant smart meter orders underscore the company’s commitment to innovation and reinforces its role in India's mass smart-meter adoption. The company's dedication to research and development enables the delivery of technologically complex solutions that cater specifically to the Indian market. 

The company’s smart meters excel in accuracy and in features such as real-time remote data monitoring. By empowering consumers and utilities to optimize energy usage, these smart meters contribute to a greener and more sustainable future. The company’s range of smart metering solutions, supported by an efficient after-sales service network, has garnered significant recognition within the industry.

HPL Electric and Power is an established electric equipment manufacturing company in India, manufacturing a diverse portfolio of electric equipment, including metering solutions, switchgear, lighting equipment and wires and cables, catering to consumer and institutional customers in the electrical equipment industry.