HPL Electric & Power Limited has informed the Exchange about Bagging/Receiving of orders/contracts
HPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HPL Electric & Power Limited has received a work order worth INR 242.24 crores from multiple entities including GMR Triveni Smart Meters Limited, GMR Kashi Smart Meters Limited, GMR Agra Smart Meters Limited, Paschimanchal Infrastructure Private Limited, and Madhyanchal One Infrastructure Private Limited. The order is for the supply of smart meters and is part of the company's normal course of business. The order value includes taxes and will be executed as per the terms of the purchase order. This is a significant contract win for the smart meters segment.
This substantial order win demonstrates strong demand for HPL's smart meter products and could contribute meaningfully to the company's revenue and order book. The deal with multiple GMR Group entities suggests a growing partnership in the smart infrastructure space.