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
Infrastructure Energy

Asian Energy Services Q1 FY27 PAT Rises 129 Per Cent

Asian Energy Services Limited reported a 129 per cent year-on-year rise in net profit to Rs 128 million for Q1 FY27, compared with the corresponding quarter last year.Revenue increased 135 per cent year-on-year to Rs 2.71 billion, supported by continued momentum across its services business, disciplined execution and contributions from domestic and international operations. EBITDA grew 81 per cent year-on-year during the quarter.As of June 30, 2026, the company’s standalone order book stood at Rs 17.54 billion, with around 60 per cent coming from oil and gas services and 40 per cent from min..

Next Story
Infrastructure Urban

BioBTX to Build First Commercial-Scale Circular Chemicals Plant

Dutch circular chemistry technology developer BioBTX is building what it says will be the world’s first commercial-scale plant to convert mixed plastic waste into high-quality aromatic chemicals using its proprietary Integrated Catalytic Cracking Process (ICCP) technology.The facility will be built at Chemical Park Delfzijl on the northern coast of the Netherlands and is expected to create 35 jobs. Covestro, which has been a shareholder and strategic partner of BioBTX since 2024, holds a mid-single-digit million-euro investment in the company.BioBTX’s ICCP technology uses catalytic pyrolys..

Next Story
Real Estate

Awfis Q1 FY27 PAT Jumps 140% as Revenue Rises 27%

Awfis Space Solutions reported a 140 per cent year-on-year rise in consolidated profit after tax (PAT) to Rs 240 million for Q1 FY27, compared with Rs 100 million in the corresponding quarter last year.Revenue from operations increased 27 per cent to Rs 4.25 billion from Rs 3.35 billion, while EBITDA rose 28 per cent to Rs 1.62 billion. EBITDA margin improved to 38.2 per cent from 37.8 per cent. Profit before tax increased 135 per cent to Rs 240 million.The company's co-working business recorded 27 per cent year-on-year growth, supported by demand from enterprises, Global Capability Centres (G..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement