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.

Next Story
Infrastructure Urban

3i Infotech Reports Rs 7.25 Bn Revenue for FY25

3i Infotech, a leading provider of digital transformation, technology services and technology solutions, announced its consolidated financial results for the fourth quarter and full year FY25, ended on March 31st, 2025. The company maintained its growth momentum, displaying consistent progress for the 3rd consecutive quarter.In Q4 FY25, 3i Infotech reported revenue of Rs 1.87 billion, reflecting steady performance compared to Rs 1.81 billion in Q3 FY25 and Rs 1.97 billion in Q4 FY24. The company delivered strong profitability improvements, with gross margin growing by 14.8 per cent Q-o-Q and 1..

Next Story
Infrastructure Urban

Emerald Finance Joins Baya PTE to Boost SME Bill Discounting

Emerald Finance is a dynamic company offering a spectrum of financial products and services including its flagship Earned Wage Access (EWA) in India, has entered into a strategic partnership with Singapore-based Baya PTE through its Indian subsidiary. This collaboration aims to strengthen bill discounting services for Small and Medium Enterprises (SMEs), enabling faster access to working capital and improved cash flow management.The initiative is designed to support SMEs that supply to large corporates such as JSW Steel, Delhivery, and PVR INOX, among others. By facilitating timely invoice dis..

Next Story
Infrastructure Urban

BLS E-Services Crosses Rs 5 Bn Revenue Mark in FY25

BLS E-Services, a technology-enabled digital service provider, announced its audited consolidated financial results for the quarter and full year period ended 31 March 2025.Speaking about the performance and recent updates, Shikhar Aggarwal, Chairman, BLS E- Services said, “We are delighted to report a remarkable performance in FY25, as we achieved several milestones during the fiscal year. FY25 marked our highest-ever financial performance, as we surpassed Rs 5 billion milestone in Total Income during the year, which was reported at Rs 5.45 billion, a notable YoY growth of 76 per cent. The ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?