Reduces debt around Rs 320 crore from IPO proceeds
HPL Electric & Power announced that the Company has reduced its debt around Rs 320 crore from IPO proceeds. The Company was listed on stock exchange on 04 October 2016. The Company has order book pipeline of around Rs 365 crore including lighting and switchgear segments and exports have grown by 14.5%. Order book includes Rs 234 crore of meter orders from utilities including a new order from Gujarat Urja Vikas Discoms in Q2FY2017.Powered by Capital Market - Live News
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