Shares of HPL Electric & Power hit a record high today after the company said it won a Letter of Award for smart meters. The order is valued at Rs 2,000.71 crore. It has been received from HPL ...

It aims to enhance HPL's phenol production capability from 300 KTPA (kilotons per annum) to 345 KTPA. HPL had signed an agreement with Lummus last year for Rs 3,000 crore.