HPL Electric & Power shares jumped more than 4% after the company received LoA worth Rs 143.77 crore for the supply of smart meters and conventional meters.
In the exchange filing, the company said, “The company HPL Electric& Power Limited has received Work Orders/Letter of Award of INR 143.77 Crores (inclusive of tax) from our regular leading Customers for the supply of Smart Meters & Conventional Meters in the normal course of business, which is to be executed as per the terms & conditions of Letter of Award (LoA)/work orders.”
As of 3:18 pm, HPL Electric & Power shares were trading 4.83% higher at Rs 606.20 on the NSE.