Laser Power says Himachal's HPSEBL order valued at INR41.5M

Laser Power has secured an order from Himachal Pradesh State Electricity Board Limited (HPSEBL) for the supply of high-voltage equipment, valued at INR41.5 million. The order is part of ongoing infrastructure development initiatives in the state, aimed at enhancing grid reliability and expanding energy distribution networks. The contract includes the delivery of switchgear and related equipment, with delivery expected to be completed within the next fiscal quarter. The company has not disclosed specific terms of the payment schedule or delivery timeline beyond what is standard for such contracts. This order follows a series of recent contracts awarded to Laser Power in the northern region, reflecting continued demand for its products in the power sector. The company has stated that the order will be reflected in its quarterly financial report, with revenue recognition expected in the next reporting period. Analysts note that the order aligns with broader government efforts to modernize India’s electricity infrastructure, particularly in rural and semi-urban areas.