Rs 3,000+ crore order book: Smart meter manufacturing receives an order worth Rs 65.72 crore

DSIJ Intelligence-1 / 26 Sep 2025/ Categories: Multibaggers, Trending

Rs 3,000+ crore order book: Smart meter manufacturing receives an order worth Rs 65.72 crore

The stock gave multibagger returns of 585 per cent in just 3 years and a whopping 1,355 per cent in 5 years.

HPL Electric & Power Limited has announced the receipt of a significant Work Order/Notification of Award (NOA) valued at Rs 65.72 crore (inclusive of tax) from its regular, leading customers. This contract is for the supply of smart meters and is considered part of the company's normal course of business. The order is slated to be executed in accordance with the standard terms and conditions stipulated in the Purchase Order/NOA, further strengthening HPL's position in the smart metering space.

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About the Company

HPL Electric & Power Limited is a prominent Indian electric equipment manufacturer, offering a diverse range of products including metering solutions, switchgear, lighting, and wires & cables. The company has historically led India's electricity energy meter market and held the fifth-largest market share for LED lamps (Frost & Sullivan Report, Feb 2016). Supported by extensive manufacturing and a pan-India sales network, HPL sells its products under its established "HPL" brand, registered since 1975.

The company has a market cap of over Rs 3,000 crore. The company’s order book exceeds Rs 3,000+ crore as of August 11, 2025. The stock gave multibagger returns of 585 per cent in just 3 years and a whopping 1,355 per cent in 5 years.

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Disclaimer: The article is for informational purposes only and not investment advice.