HPL Electric Share Price Gains Over 4%; Receives ₹242 Crore Work Order for Smart Meters

On May 2, 2026, HPL Electric & Power Limited announced the receipt of a significant work order amounting to ₹242.24 crore.  

This order involves the supply of smart meters to several infrastructure companies, marking a notable achievement for the company. 

Details of the Work Order 

The work order, valued at ₹242.24 crore inclusive of tax, has been awarded by prominent clients such as GMR Triveni Smart Meters Limited, GMR Kashi Smart Meters Limited, GMR Agra Smart Meters Limited, Paschimanchal Infrastructure Private Limited, and Madhyanchal One Infrastructure Private Limited.  

This order is part of HPL Electric's regular business operations, focusing on the supply of smart meters. 

Significance of the Order 

This order underscores HPL Electric's strong market presence and its ability to secure substantial contracts from leading infrastructure firms.  

The company's expertise in smart meter technology continues to attract significant business opportunities. The execution of this order will be in line with the terms and conditions specified in the purchase order. 

Company's Market Position 

HPL Electric & Power Limited is a key player in the electrical equipment sector, known for its innovative solutions and robust product offerings.  

The receipt of this work order further solidifies its position in the market, showcasing its capability to meet the demands of major infrastructure projects. 

Read More: Ceigall India Share Price in Focus on Securing ₹918 Crore Jaipur Metro Rail Order! 

HPL Electric & Power Share Price Performance 

As of May 04, 2026, at 9:50 AM, HPL Electric & Power share price on NSE was trading at ₹372.30 up by 4.11% from the previous closing price. 

Conclusion 

The acquisition of this ₹242.24 crore work order reflects HPL Electric's ongoing commitment to expanding its footprint in the smart meter segment. The collaboration with leading infrastructure companies highlights the trust and reliability that HPL Electric commands in the industry. 

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