HPL Electric & Power Soars 8% After ₹92-Crore Smart Meter Order Expansion and Legal Settlement with Havells India

New Delhi, November 10, 2025: The share price of HPL Electric & Power Limited jumped sharply on Monday after the company announced two major developments. As of 14:31, the stock was trading at ₹452.70, up 7.44% from its previous close of ₹421.10. The rally followed news of an amended order worth ₹92 crore from Energy Efficiency Services Ltd (EESL) for the supply of smart meters—marking a significant boost to HPL’s order book. In a parallel development, the company also reached a landmark settlement with Havells India Limited, ending a decade-long trademark dispute. This resolution is expected to strengthen HPL’s brand position and reduce ongoing legal uncertainties.

Twin Triggers Investment Sentiment

Havells India Resolves 37-Year Trademark Dispute with Settlement

On November 9, 2025, HPL Electric & Power notified exchanges of a Settlement Agreement with Havells India Ltd. and its promoter group in reference to all disagreements over the use of the Havells mark. The settlement, which came into being as a result of mediation as ordered by the Delhi High Court, literally brings to an end a host of pending litigations, including litigations at the Supreme Court of India. The contract was signed on November 8, 2025, and the end was put to one of the longest brand conflicts in the Indian electrical goods sector.

Value of EESL Order Improved to 92 Crore

On October 9, 2025, HPL previously announced that the value of its work order with Energy Efficiency Services Limited (EESL) had been revised upwards to 92 crore (including tax) as compared to 65.72 crore. The amendment entails the provision of more smart meters, and no other conditions in the earlier purchase order have been changed. This delivery is one of the HPL continuous supplies to EESL, which further fortifies the position of the company in the smart metering and power management sector, which is growing fast in India.

Market Reaction

Both announcements have boosted investor confidence, reflecting HPL’s strengthening operational and strategic position. The expansion of the EESL contract underscores the company’s growing role in India’s smart metering ecosystem, while the settlement with Havells brings much-needed legal clarity after years of uncertainty. With these developments, HPL Electric & Power has demonstrated clear signs of operational momentum and stability. The stock emerged as one of the Top 10 gainers of the day, supported by sustained buying interest from both retail and institutional investors, highlighting renewed market optimism around the company’s future prospects.

REF: https://nsearchives.nseindia.com/corporate/HPL_09112025104212_intimation_to_SE_Agreement_ok.pdf

https://nsearchives.nseindia.com/corporate/HPL_09102025145727_IntimationSigned.pdf

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