HPL Electric & Power Wins Rs 1.44-billion Order; Shares Climb
17 Sep 2024
2 Min Read
CW Team
Shares of HPL Electric & Power increased by up to 2.4 percent. This rise followed the company鈥檚 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鈥檚 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鈥檚 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鈥檚 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
unWOOD transforms plastic waste into durable wood alternative
unWOOD, a breakthrough innovation, is converting hard-to-recycle plastic waste into a durable alternative to natural wood. Developed through a proprietary process called Intelligent Compounding, unWOOD uses a Macro Molecular Fiber Matrix (MMFM) structure to replicate the strength, look, and feel of hardwood鈥攚ithout the environmental cost.Conceptualised by Dr Babu Padmanabhan, the material addresses key flaws in traditional plastic recycling by consuming minimal energy, using zero water, and generating no microplastics. 鈥淎ny application that introduces plastics into areas where it cannot be..
Next Story
H盲fele launches Matrix undermount runners range
H盲fele has introduced its new Matrix range of undermount runners, designed to enhance drawer motion across kitchens, wardrobes, bathroom units, and more.Available in four weight capacities and a wide range of lengths, the Matrix undermount runners support diverse drawer designs. The 40 kg and 60 kg variants feature synchronised technology for superior motion and drawer stability. All runners come with an integrated soft-close mechanism to ensure smooth and noiseless operation.This in-house range is ideal for kitchen cabinets, bed storage units, living room furniture and bathroom drawers, offe..
Next Story
India's first AI-integrated campus announced in Noida
Yashoda Hospital and Bhutani Infra have announced plans to develop India鈥檚 first fully AI-integrated mixed-use campus in Greater Noida West. The upcoming project will feature a hospital, retail spaces, offices, SOHOs, serviced apartments, and a hotel鈥攁ll operating within a self-learning, generative AI-powered ecosystem.The AI-first campus will integrate real-time data systems, predictive analytics, and adaptive infrastructure to offer personalised experiences across functions. From AI-enabled footfall tracking and dynamic energy optimisation to smart F&B and retail insights, the develo..
