HPL Electric & Power Secures ₹65.72 Crore Smart Meter Order, Stock Climbs Nearly 3%

New Delhi, September 25, 2025 — HPL Electric & Power Limited (NSE: HPL, BSE: 540136) announced on Thursday that it has received a multi-award order for the supply of smart meters, valued at ₹65.72 crore, inclusive of tax. The order is from one of the company’s regular leading customers and falls under HPL’s usual business activities.

Implementation will be carried out in accordance with the PO or notification of award. The development demonstrates the firm’s continued positioning within the growing smart metering sector, to the extent that it is being energised by India’s ongoing power sector reform and digitalisation.

HPL Electric & Power was founded in 1956 and became publicly listed on the exchanges in October 2016. The Company has earned a considerable reputation in the electrical equipment industry in India, offering products such as smart meters, switchgears, lighting equipment, and cables to a diverse range of industrial and domestic customers.

Market Cheers the Development

Following the announcement, shares of HPL Electric & Power rose by nearly 3% in trading on Thursday. By evening, the shares closed at ₹481.00, up from ₹467.20. The counter hit an intraday high of ₹505.00 and a low of ₹464.05, with 1.66 lakh shares traded, resulting in a total turnover of ₹7.87 crore. The total market capitalisation of the company was ₹3,092.85 crore, and the free-float market capitalisation was ₹845.55 crore.

Outlook

The new order aims to strengthen revenue visibility, contribute to steady earnings growth, and fortify HPL’s leadership position in the smart meter space, given the increasing demand for energy-efficient products.

REF: https://nsearchives.nseindia.com/corporate/HPL_25092025151621_IntimationBaggingofOrder.pdf

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