HPL Electric & Power Ltd bags orders over Rs. 100 crores
~The order bag covers a 70 crores order for Bhopal Smart City Lighting Project and 33 crores from Southern Power Distribution~
New Delhi; December 20, 2016: HPL Electric & Power Ltd (referred to as the “company”; NSE: Symbol; HPL, BSE: Scrip Code; 54136), an established electric equipment manufacturing company in India, has received orders of over Rs. 100 crore, which include Rs. 70 crores for Bhopal Smart City Lighting project and Rs. 33 crores for Energy Meters from Southern Power Distribution.
Speaking on the occasion of receiving the formal order, Mr. Gautam Seth Joint Managing Director, of HPL Electric & Power Ltd said “We are pleased to receive the order for Bhopal Smart City Lighting and would like to acknowledge our R&D team’s promising efforts which made it possible. At HPL, we have fully dedicated teams working on the advancement of street lighting system that help in energy efficiency. This order is a reward for our exceptional technology in the field of lighting which gave us a cutting edge over others. Adding to our order book, we have also received a Rs. 33 crores order for Energy Meters from Southern Power Distribution.”
For Bhopal Smart city lighting order, HPL has earlier entered as part of a consortium with Bharti Infratel and Ericsson.
About the Company:
HPL is an established electric equipment manufacturing company in India, manufacturing a diverse portfolio of electric equipment, including metering solutions, switchgears, lighting equipment, including metering solutions, switchgears, lighting equipment and wire & cables, catering to consumer and institutional consumers and institutional customers in the market for electrical energy meters in India in fiscal 2015, with one of widest portfolios of meters for electricity energy meters in India and Lighting segment, HPL with 5th largest market share market(Source: Frost & Sullivan Report, Feburary 2016). HPL’ manufacturing and R&D capabilities are supported by large sales and distribution network with pan-india presence. They currently manufacture and sell its products under the umbrella brand HPL.