India's HPL Electric surges 9% on winning orders worth $25 mln

HPL Electric & Power

10/05/2023 07:28

** Shares of HPL Electric & Power Ltd  HPLE.NS  rise as much
as 9.25% to 98.60 rupees, highest in over three months
    ** Uptick comes after electric equipment maker wins multiple
orders worth 2.04 bln rupees ($24.94 million) for supplying
smart meters
    ** Co's order book stands at more than 15 bln rupees after
bagging the orders: HPLE
    ** Trading volume is 871,193 shares as of 11:51 a.m. IST,
more than 6.5 times the 30-day avg - Refinitiv data


($1 = 81.7800 Indian rupees)

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))