HPL Electric & Power touches roof on bagging order worth Rs 181 crore
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HPL Electric & Power is currently trading at upper limit of Rs. 321.90, up by 29.25 points or 9.99% from its previous closing of Rs. 292.65 on the BSE.
The scrip opened at Rs. 293.60 and has touched a high and low of Rs. 321.90 and Rs. 282.00 respectively. So far 95669 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 346.90 on 06-Feb-2024 and a 52 week low of Rs. 74.10 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 345.00 and Rs. 282.00 respectively. The current market cap of the company is Rs. 2025.47 crore.
The promoters holding in the company stood at 72.66%, while Institutions and Non-Institutions held 0.23% and 27.11% respectively.
HPL Electric & Power has received an order of worth Rs 181 crore (inclusive of tax) from leading AMISP client for the supply of smart meters in the normal course of business, which is to be executed as per the terms & conditions of Letter of Award (LoA).
Earlier, the company had won smart meter orders totaling around Rs 240 crore from leading AMISP clients in the normal course of business.
HPL Electric & 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.
