HPL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
HPL Electric & Power Limited has received work orders worth INR 242.24 crores (inclusive of tax) from five GMR Group-related entities and infrastructure companies for the supply of smart meters. The orders are from 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 company states this is in the normal course of business and will be executed as per the terms of the purchase orders.
A positive development as the order value represents new business for smart meter supply, which could boost revenue visibility for the company in the coming quarters.