Electrical equipment maker HPL Electric & Power announced on Thursday, September 25, 2025, that it has received a fresh work order worth ₹65.72 crore, inclusive of taxes, from one of its regular leading customers. The order pertains to the supply of smart meters and will be executed as per the purchase order and award notification terms.
Earlier in March 2025, the company had secured orders worth ₹369.90 crore (inclusive of taxes) from its regular customers, also for the supply of smart meters. These orders are part of the company’s normal business operations, highlighting the steady demand for its smart metering solutions.
HPL Electric & Power is engaged in metering solutions, switchgears, LED lighting, wires & cables, solar products, and modular switches. The company operates seven manufacturing facilities across northern India, with two units in Gurgaon and one each in Sonipat, Panipat, Kundli, and Gharaunda in Haryana, along with another unit in Jabli, Himachal Pradesh.
The repeat orders for smart meters underline the company’s established position in the smart metering space, a sector witnessing strong demand as India accelerates its digitalisation of power distribution. These developments reflect customer trust and the company’s capacity to deliver large-scale projects.
On September 25, 2025, HPL Electric & Power share price opened at ₹467.20, compared to the previous close of ₹467.20. During the session, the stock touched a high of ₹505.00 and a low of ₹464.05 before closing at ₹481.00, up by 2.95% at the end of the trading day.
The stock recorded a traded volume of 1.66 lakh shares and a traded value of ₹7.87 crore on the NSE. The market capitalisation stood at ₹3,092.85 crore. Over the past 52 weeks, HPL Electric & Power has hit a high of ₹639.90 and a low of ₹339.00. The stock is currently trading at a P/E ratio of 31.48.
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HPL Electric & Power’s latest ₹65.72 crore order reinforces its strong presence in the smart meter segment. With earlier orders worth nearly ₹370 crore this year and robust manufacturing capacity, the company is poised to capitalise on the rising demand for advanced power distribution solutions.
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Published on: Sep 25, 2025, 5:19 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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