India's HPL Electric jumps on $22 mln order win for smart meter supply

HPL Electric & Power

13/02/2024 08:39

** Shares of HPL Electric and Power  HPLE.NS  rise 10%,
highest single day rise in six weeks, to 322.40 rupees apiece
    ** Electric equipment maker gets an order worth 1.81 billion
rupees ($21.81 million) from an advanced metering infrastructure
service provider to supply smart electric meters
    ** This is the third order for the company this year; HPLE
shares up ~30% in this period
    ** Stock is most active in a week - LSEG data

($1 = 82.9910 Indian rupees)

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