HPL Electric & Power has issued Commercial Papers (CPs) of Rs 70 crore. The tenure of the instrument is 180 days and was allotted on September 29, 2017. The coupon/interest will be paid upfront at the rate of 7.45% per annum and the paper will mature on March 28, 2018. The aggregate amount of Commercial Papers (including this issue) outstanding as on date is Rs 320 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.
