HPL Electric & Power has issued Commercial Papers (CPs) of Rs 200 crore. The tenure of the instrument is 90 days and was allotted on September 15, 2017. The coupon/interest will be paid upfront at the rate of 7.45% per annum and the paper will mature on December 14, 2017.
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.
