600% Returns in 3 Years! Company Bags Order Worth Rs 240 Crore; 20 Percent Market Share in Domestic Electric Meters

HPL Electric and Power have successfully secured a Rs 240 crore order for smart meters from an Advanced Metering Infrastructure Service Provider (AMISP), further strengthening their robust order pipeline. This achievement highlights HPL’s ongoing success in the dynamic smart meter sector. The company is optimistic about the stability and growth that this order brings to HPL in the smart metering industry.

HPL Electric & Power Limited is the country’s leading electrical equipment manufacturing company, which has been working for the last four decades. The company manufactures modular switches, switchgear, metering solutions, LED lighting, wires, and other products.

The company’s products are sold to electric utility companies, government agencies, retail and institutional customers.

It has seven manufacturing facilities and 21 warehouses with full capacities across India. Additionally, the company has 2 R&D facilities in Gurugram and Kundli with over 100 engineers.

It has a pan-India distribution network and over 900 authorized dealers and 45,000 retailers across the country, which the company plans to expand to 1 lakh retailers by 2025.

Market Share

• The company is the largest manufacturer of on-load change-over switches and 50% of on-load change-over switches used in the domestic market are manufactured by this company alone.
• The company has a 20% market share in domestic electricity meters.
• 5% of the low-voltage switchgear used in the country is manufactured by them.
• It is the 5th largest LED manufacturer in the country.

HPL Electric & Power Ratios:

HPL Electric & Power Share Compound Performance

HPL Electric & Power Share Year-wise Performance

HPL Electric & Power Limited Profit & Loss

HPL Electric & Power Limited Shareholding Patterns