HPL Electric & Power has issued Commercial Papers (CPs) of Rs 170 crore. The tenure of the instrument is 90 days and allotted on June 14, 2017. The coupon/interest will be paid upfront at the rate of 7.50% per annum on maturity i.e. September 12, 2017. With this issue, the aggregate amount of commercial papers outstanding as on date is Rs 270 crore.
HPL Electric & Power is an electric equipment manufacturing company engaged in the business of manufacture and sell electric equipments including, metering solutions, switchgears, lighting equipment and wires and cables under the HPL brand.
