HPL Electric and Power Ltd Shares Surge 10% Following ₹545 Crore Order Boost

HPL Electric and Power Ltd. witnessed a 10% surge in its shares following the company's announcement of securing smart meter orders amounting to Rs. 545 crore from various clients as part of its routine operations.

Gautam Seth, the Joint Managing Director of HPL, expressed, "The receipt of these orders reflects our alignment with the government’s ongoing efforts to implement smart meters nationwide. While understanding that this is just one more step in a much broader initiative, it highlights HPL’s significant role in this sector. Our high acceptability in terms of performance and quality with leading AMISPs demonstrates HPL’s strong positioning in the smart meter market."

HBL