HPL Electric & Power Ltd, India's leading electric equipment manufacturing company, today announced its association with the Haryana Steelers team as their Official LED Lighting Partner. This association highlights the attributes that HPL products shares with the players such as terrific and powerful performance with unmatched reliability. As a part of its association, Haryana Steelers players will be sporting the company's logo on their jersey.
This is HPL's first alliance with JSW sports owned Haryana Steelers. HPL products and Steelers have common characteristics of being powerful, youthful, and delivering strong and enduring performance. Since the inception of Pro kabaddi league, the game has gained tremendous acceptance across the country especially in tier-II & tier -III cities. Through this association with Kabaddi League, HPL intends to enhance its brand outreach in these markets. The association will leverage the popularity of the players and their gaming competence to further its HPL's visibility amidst the wider consumer base and enhance its market presence in North India.
Commenting on the association, Mr. Gautam Seth, Joint Managing Director, HPL Electric & Power Ltd said: "Taking our journey forward with JSW Sports, we are glad to partner with their Kabaddi Team Haryana Steelers. With this association, we look forward to create meaningful marketing initiatives for our B2C customers especially in Semi-Urban &Rural Sector in order to strengthen the brand and product recall in the consumer's mind. Being the official LED Lighting partner will be a great asset, as it will popularize and create HPL's bond with potential and existing consumers.
Mr. Mustafa Ghouse, CEO-JSW Sports said, We are delighted to have HPL Electric & Power Ltd as the official LED Lighting partners of Haryana Steelers for the seventh season of Pro Kabaddi League. We have a long standing relationship with HPL and we look forward to another fantastic association & a successful season for our Kabaddi team.
Shares of HPL Electric & Power Ltd was last trading in BSE at Rs.49.55 as compared to the previous close of Rs. 51.45. The total number of shares traded during the day was 4967 in over 121 trades.
The stock hit an intraday high of Rs. 52.1 and intraday low of 49. The net turnover during the day was Rs. 249017.