+
HPL Electric & Power Wins Rs 1.44-billion Order; Shares Climb
POWER & RENEWABLE ENERGY

HPL Electric & Power Wins Rs 1.44-billion Order; Shares Climb

Shares of HPL Electric & Power increased by up to 2.4 percent. This rise followed the company’s announcement of securing an order worth Rs 1.44 billion.

According to an exchange filing, HPL Electric & Power disclosed that it had received Work Orders/Letter of Award amounting to Rs 1.43 billion from its regular leading customers. The order pertains to the supply of Smart Meters and Conventional Meters, which will be executed in accordance with the terms and conditions specified in the Letter of Award and work orders.

HPL Electric & Power, a prominent manufacturer of electrical equipment, has established a significant presence over the past 40 years across five key product areas: metering solutions, modular switches, switchgears, LED lighting, and wires and cables. The company holds a dominant market position, commanding a 50 per cent share in the on-load change-over switches market and 20 per cent in the domestic electric meters market, while also being a major player in the low-voltage switchgear and LED sectors. With seven manufacturing facilities and two research and development centres in India, HPL supports its operations through a well-organized supply chain and a distribution network comprising over 900 dealers and 45,000 retailers. The company aims to expand this network to 100,000 retailers by March 2025.

HPL’s international operations extend to more than 42 countries across Asia, Africa, Europe, the UK, and the Indian Subcontinent. The company boasts a strong order book valued at over Rs 15 billion, with the majority of contributions coming from metering and systems.

Shares of HPL Electric & Power increased by up to 2.4 percent. This rise followed the company’s announcement of securing an order worth Rs 1.44 billion. According to an exchange filing, HPL Electric & Power disclosed that it had received Work Orders/Letter of Award amounting to Rs 1.43 billion from its regular leading customers. The order pertains to the supply of Smart Meters and Conventional Meters, which will be executed in accordance with the terms and conditions specified in the Letter of Award and work orders. HPL Electric & Power, a prominent manufacturer of electrical equipment, has established a significant presence over the past 40 years across five key product areas: metering solutions, modular switches, switchgears, LED lighting, and wires and cables. The company holds a dominant market position, commanding a 50 per cent share in the on-load change-over switches market and 20 per cent in the domestic electric meters market, while also being a major player in the low-voltage switchgear and LED sectors. With seven manufacturing facilities and two research and development centres in India, HPL supports its operations through a well-organized supply chain and a distribution network comprising over 900 dealers and 45,000 retailers. The company aims to expand this network to 100,000 retailers by March 2025. HPL’s international operations extend to more than 42 countries across Asia, Africa, Europe, the UK, and the Indian Subcontinent. The company boasts a strong order book valued at over Rs 15 billion, with the majority of contributions coming from metering and systems.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code