HPL Electric & Power, India’s leading electric equipment manufacturer, has received Work Orders of Award of INR 2100.71 crores (inclusive of tax). The company informs the exchange on July 12, share price rose by staggering 20% to ₹562.40 on NSE.
HPL Electric & Power received the order of ₹2100.71 crores from its regular leading Customers 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]/ work of orders.
The company has achieved revenue of Rs. 414.91 crores in Q4 of FY23-24 and an Net Profit of Rs. 13.19 crores in Q4.
HPL Electric & Power Limited is India’s leading electric equipment manufacturer with a formidable presence across five key verticals: Metering Solutions, Switchgears, LED Lighting, Wires & Cables, Solar Solutions and Modular Switches.
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