The order is for the supply of smart meters and conventional meters in the normal course of business, which is to be executed as per the terms and conditions of letter of award (LoA)/work orders, HPL Electric and Power said in a filing.

The company is yet to share further details about the order, such as the timeline or location.

The company on July 11 said that it had won a Letter of Award for smart meters. The order was valued at ₹2,000.71 crore. It had been received from HPL Electric’s regular leading customers.

Shares of HPL Electric & Power Ltd. settled 4.51% higher at ₹604.35 apiece on the NSE today. The stock has gained more than 120% so far this year.